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Jagan Scores NCLT Victory Against Sharmila in Dispute Over Shares
The New Indian Express Hyderabad
|July 30, 2025
In a significant legal victory, Andhra Pradesh former Chief Minister YS Jagan Mohan Reddy has secured a favourable verdict from the National Company Law Tribunal (NCLT) in an ongoing family dispute involving ownership of shares in Saraswati Power & Industries Pvt. Ltd.
The case pitted Jagan against his mother YS Vijayamma and sister YS Sharmila, amid a backdrop of strained personal and political ties.
The dispute originates from a 2021 gift deed, through which Jagan and his wife YS Bharathi transferred their shares in Saraswati Power to Vijayamma.
At the time, the transfer was described as a temporary measure due to unresolved legal issues surrounding some family assets. The shares were to be formally divided once those legal concerns were addressed.
Dit verhaal komt uit de July 30, 2025-editie van The New Indian Express Hyderabad.
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