Delhi HC holds Luxor Group founder's 2004 will valid

The 2004 will left Usha Jain sole heir to her husband's assets worth hundreds of crores, excluding their four children

- Priyanka Gawande

A division bench of the Delhi High Court (HC) has upheld the grant of probate of Luxor Group's late founder Davinder Kumar Jain's will in favour of his wife Usha Jain.

A grant of probate is a legal document issued by a court that confirms the validity of a will and authorizes the executor named in it to manage the deceased's estate.

The disputed 2004 will made Usha Jain the sole beneficiary of her husband's assets worth hundreds of crores and excluded all their four children.

The order came after DK Jain's daughter Priya Jain petitioned the Delhi HC to set aside its recent ruling that upheld the validity of the 2004 will, which she claimed was forged and wrongfully denied her inheritance rights.

The dispute arose when DK Jain passed away in 2014. At the time, Luxor, founded in 1963, had expanded into 27 closely-held companies operating across sectors including stationery, plastics, hospitality and real estate, with a total turnover and assets worth hundreds of crores.