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Recently, the Delhi High Court issued an anti-arbitration injunction (AAIs) with respect to arbitration proceedings before the Permanent Court of Arbitration, The Hague, in the case of Techfab ...
Samir Modi asserts that the terms of his father's ₹11,000-crore legacy, governed by a family trust deed, are non-negotiable. He aims to preserve the family's flagship company, Godfrey Phillips, within the family, proposing a buyout option to resolve the dispute. Despite legal battles with his mother over inheritance distribution, Samir Modi remains committed to advancing the family business, envisioning global expansion for Colorbar Cosmetics and other ventures.
The rift among the promoters of Godfrey Phillips over the distribution of a ₹11,000 crore inheritance, following the death of family patriarch KK Modi in 2019, has taken a new turn.
The award recognizes her contributions to the industry that place her among the distinguished few women chairpersons of Fortune500 and ET500 India companies
Samir Modi, son of late KK Modi, has taken legal action against his mother, Bina Modi, accusing her of mishandling the family's Rs 11,000 crore inheritance. The dispute involves the distribution of the Godfrey Phillips stake and other Modi group shares. Samir, previously aligned with his mother, now supports his brother Lalit in seeking immediate implementation of the trust deed. The family had initially disagreed on dissolving the trust, leading to legal battles initiated by Lalit Modi.