Rani Kapur moves Delhi High Court to scrap family trust, alleges forgery by Sunjay Kapur and Priya Kapur

India: Marking a new twist in the ongoing saga over the control of Kapur family’s assets, late businessman Sunjay Kapur’s mother Rani Kapur has filed a suit before the Delhi High Court seeking cancellation of the Rani Kapur Family Trust.

This trust holds a stake in the automotive component manufacturer Sona Comstar. While the exact valuation of the trust is not known, it is estimated to run into several thousand crores.

A dispute over the control of Sunjay kapur’s assets is already pending before the Delhi High Court.

In her suit, 80-year-old Rani Kapur has said that the trust was constituted fraudulently and has been used to divest her of her entire estate, including control over the Sona Group of companies. She has alleged that Priya Kapur, Sunjay Kapur’s widow, is the “chief mastermind” of the conspiracy.

She has also accused Priya Kapur of acting swiftly after Sunjay Kapur’s death to assume control of key Sona Group companies without notice to her.

The suit states that after Rani Kapur suffered a stroke in 2017, her late son Sunjay Kapur and his third wife, Priya Kapur, exploited her physical dependence and trust to orchestrate a complex scheme transferring all her assets into the RK Family Trust without her informed consent.

She claims she was repeatedly made to sign documents, including blank papers, under the pretext of administrative convenience.

Rani Kapur has named a total of 23 entities as defendants in the case. Apart from Priya Kapur, the defendants include seven of her grandchildren, among them two children of Bollywood actor Karisma Kapoor.