Business: Oberoi Case: The Delhi High Court has stayed the transfer of shares of EIH Limited and its holding companies Oberoi Hotels Private Limited (OHPL) and Oberoi Properties Private Limited (OPPL). The order comes amid an ongoing legal battle between Anastasia, her brother Vikramjit Oberoi, their sister Natasha Oberoi and their cousin Arjun Oberoi over the estate and will of PRS Oberoi. The court remained in limbo as Anastasia Oberoi, daughter of late hotelier PRS Oberoi, filed a case against her brother Vikramjit Oberoi, sister Natasha Oberoi and cousin Arjun Oberoi. In her complaint, she alleged that Vikramjit and Arjun colluded with the executor appointed by their late father to thwart the execution of their late father’s will. The case revolves around the control of an extended family in EIH Limited, which controls the Oberoi and Trident hotel chains. On September 12 , after a detailed hearing, Justice Naveen Chawla of the Delhi High Court issued an interim injunction in favour of Anastasia Oberoi and other plaintiffs to protect the substance of the case.
Oberoi Case: Delhi High Court stays transfer of shares
The validity of the Will of late PRS Oberoi has been challenged by his son Vikramjit Singh Oberoi and his nephew Arjun Oberoi primarily on the ground that it “does not reflect the true feelings and wishes of late M.S. Oberoi (father of PRS Oberoi).”
Passing the interim order, Justice Chawla said the plaintiffs (Anastasia Oberoi and others) have placed sufficient material on record to prima facie establish the Will prepared by them and the credibility of the testator.
P R S Oberoi transferred the movable assets, namely the shares of the three holding companies – OHPL, OPPL and Aravali Polymers LLP – half to his daughter Natasha and the other half to the JSC Trust, of which Anastasia is the sole beneficiary.
