No Lodha brother has claim over other's biz, says mother

Manju Lodha's letter puts into question Abhinandan's claim that he has unsettled dues

- Nehal Chaliawala

Breaking the silence over the ongoing dispute between brothers Abhishek and Abhinandan over a family settlement agreement and the use of the Lodha brand, their mother Manju Lodha has stated that neither brother has any valid claim on the other's business.

The mother made an emotional appeal to the two brothers to bury the hatchet in a letter addressed to them on 21 February.

"Your father and I have discussed at length the claims by both of you (with respect to) the shareholding/ownership of each other's businesses," Lodha wrote in the letter, a copy of which Mint has seen.

"We confirm that both of you have no right of any form in the other brother's business or assets or shareholding," she wrote, adding that the arrangement within the family behind leading real estate firm Macrotech Developers was documented in an agreement on 31 March 2017.

This puts into question Abhinandan's claim that he has unsettled dues from his brother as per the family settlement agreement.

"(I was to get my) rightful share in the future post the IPO of the real estate business. Unfortunately, after my exit, the commitments and payments that were to be made to me have not been honoured despite various promises being made until recently," he told Mint last month.