Brothers wage Rs 5,000 crore battle in one of India’s richest realty firms
A legal battle in the Lodha family – one of the biggest real estate businesses in India – deals with the family name, family agreements and allegations of dishonouring them
A family agreement over a real estate business worth around Rs 39,000 crore. Many promises from the younger son, including to not use the family name if he’s in the realty business. An alleged violation of the promise. A demand of Rs 5,000 crore.
These are the issues at the heart of an intellectual property rights case filed by the flagship company of the Lodha group, one of India’s richest real estate firms, at the Bombay high court.
