Sona Comstar tussle: Priya Kapur moves to oust Rani Kapur from trust

Priya Sachdev Kapur has moved to oust her estranged mother-inlaw, Rani Kapur, from a trust set up by the latter that controls the promoter entity of listed Sona BLW Precision Forgings Ltd, escalating a battle for ownership of the auto components firm, valued at over $3 billion.

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In a notice issued to Rani Kapur on 24 March, Priya Kapur said that the actions of her mother-in-law have been adverse to the interests of the RK Family Trust due to which she is being removed from the trust.

This comes after Rani Kapur issued a notice to remove Priya as one of the trustees on 21 March, about two months after filing a civil suit in Delhi High Court asking for the court to void the trust.

"Trust law does not permit a trustee to simultaneously challenge the existence of a trust while exercising powers under it," a press statement issued on behalf of Priya Kapur said.

Queries emailed to Rani Kapur's lawyer did not elicit a response immediately.

The developments mark the latest escalation in the dispute between Priya Kapur and her estranged mother-inlaw, Rani Kapur, over ownership of the trust that controls the promoter entity of Sona BLW Precision Forgings Ltd.