HC allows transfer of Gayatri Devi’s shares to grandkids
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The legal battle among Rajasthan's royal family members over the transfer of shares held by late Maharani Gayatri Devi in the family's firms has been decided in favour of her grandchildren, Devraj and Lalitya Kumari, by the Delhi High Court.
In the process, Justice Indermeet Kaur also set aside a Company Law Board order refusing to direct a rectification in share registers of Jai Mahal Hotels Pvt Ltd, Rambagh Palace Hotels Pvt Ltd, SMS Investment Corporation Pvt Ltd and Sawai Madhopur Lodge Pvt Ltd.
Gayatri Devi had died on July 29, 2009 leaving a will that stated that all her properties, including the shares in the firms, would be inherited by her grandchildren.
But such a transfer of shares was opposed by the other heirs of Sawai Man Singh II.
They were his sons Prithviraj Singh and Jai Singh, and his maternal granddaughter Urvashi Devi.
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