Partition Suits ?

124 views 4 replies

Sir, please do guide and suggest a solution in below situation:

A deceased person in 1996 left behind shares in physical form of different cos worth to day Rs 5 Crores. Due to evil minds in his family inspite of obtaining LoA from Bombay High Court in 2023 two adminstrators are not moving forward and the third adminstrator aged 78 yrs is forced go for a Partition Suit to get his 20% share without wasting further time. Infact the two adminstrators are waiting for his demise.

How shares in physical form will be valued with all acrued dividends and bonuses by the court. Third adminstrator is willing to pay 3lacs Court fee.

TIA

 

 

Replies (4)

Sir,

Thanks for your time and inputs in replying to my query on behalf of an elderly friend.

He will contact you if you are available on WhatsApp.

He happens to be from Mumbai.

Regards

Siddhi

 

Sir,

Thanks for your time and inputs in replying to my query on behalf of an elderly friend.

He will contact you if you are available on WhatsApp.

He happens to be from Mumbai.

Regards

Siddhi

 

Sir Ramachary,

My friend don't want for dematerilization of physical shares etc and wants to claim his shares based on the valuation done by the expert appointed by the court?

Is it possible as the matter is dragedon for over 28 yrs and my friend is 77+

Please give your views. Thanks 


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