KOLKATA: The Supreme Court on Monday dismissed a special leave petition (SLP) filed by Harsh Vardhan Lodha in the matter of appointment and powers of the administrators over the estate of late Priyamvada Birla.
Lodha in the SLP before the Supreme Court challenged the powers granted by the apex court to the three-member committee of administrators - R V Raveendran, A C Chakraborty and M K Sharma - in the regard to exercise of voting rights on the controlling block of shares held by late Priyamvada Birla through which the control was exercised on the entire M P Birla group of companies.
After hearing both parties, Justices Aftab Alam and Ranjana Prakash Desai said, "We find no merit in the petitions for special leave. These are dismissed."
The Calcutta high court, in its order, had vested all rights pertaining to the Birla estate to the administrators, giving an advantage to the Birla family in their long-drawn legal battle against the Lodhas for the control of the MP Birla group.
