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Manjit moves court against Ranbaxy settlement

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September 05, 2006 14:50 IST

After the ceasefire between Max India Chairman Analjit Singh and his brother Parvinder Singh's family last month, the Ranbaxy family dispute has once again found its way into the court.

Manjit Singh has moved the Delhi High Court seeking restraint on his younger brother Analjit from transferring or alienating the shares of the Delhi Guest House to the Bhai Mohan Singh Foundation.

According to Manjit, the defendants -- Analjit, Delhi Guest House Pvt Ltd, Dr Bhai Mohan Singh Foundation -- are acting against the family settlement of December 1989 and the others are trying to administer the estate of his late father and founder of Ranbaxy group Bhai Mohan Singh at the behest of Analjit.

The defendants are liable to be restrained from transferring or alienating the shareholding of DGH to any person, said Manjit, who claims to have a third of the share in the estate of late Bhai Mohan Singh besides various rights and entitlement under the family settlement.

The petition said that none of the parties to the family settlement had the right to alter any term of the settlement, which would have effect of changing the spirit of the settlement or affect the rights and interests of the other family members.

He further stated that neither his parents nor his brother Analjit had any right to enter into any kind of arrangement or understanding which was against the family settlement without his consent.

Manjit has filed the petition only after a series of petitions filed by Nimmi Singh, wife of Parvinder, and her sons -- Malvinder and Shivender  -- and Analjit were withdrawn following an agreement between the two parties last month.
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