Kalyani family's wealth war takes a fresh turn

Gaurishankar Kalyani has filed papers to back his claim that HUF exists

- Neha Joshi

In a fresh turn of events in the Kalyani family dispute, Gaurishankar Kalyani has submitted documents in a Pune court to back his claim that a Kalyani Hindu Undivided Family (HUF) exists—contrary to elder brother Baba Kalyani's claims—a move that may imply that all members of the Kalyani family are entitled to a share of the billionaire family's assets.

The over 6,000-page filing, which the Pune court took on record about two weeks ago, cites evidence such as tax returns and investments in group companies to prove the existence of the HUF.

The documents claim that Bharat Forge chief Baba Kalyani's contention that there is no Kalyani HUF and that he single-handedly built Bharat Forge, the flagship, and other group companies are false. This may weaken Baba Kalyani's key argument that the court should not allow the partition of the Kalyani family assets.