INSUBCONTINENT EXCLUSIVE:
wealthiest family.
The brothers agreed to halt litigation in Europe.
With accusations ranging from a funding squeeze to misappropriated
cash, the fight had drawn criticism from a London judge, especially over the care of the family patriarch and chairman of Hinduja Group,
This threw open the possibility of a break-up of the ownership structures behind the century-old conglomerate.
At the heart of the battle
filing, another brother Gopichand Hinduja accepted the 2014 letter was no longer legally enforceable against Srichand.
The decision by the
family to go for a truce will not have an impact on the way group businesses are functioning, Dheeraj Hinduja, executive chairman of the
Dheeraj is the son of Gopichand
Its firms include Quaker Chemical Corp, and IndusInd Bank Ltd.
According to the UK court filing in June 2020, it was cited that a dispute
had started between Srichand with his three younger brothers over the ownership of a Geneva bank of the group
The conflict among the brothers also cropped up over control of a bank that they have in Switzerland (Hinduja Bank).
The four brothers had
always presented a united front, with little to suggest that not all was well in the family, which, however, was revealed to be deeply
brought in to act independently on behalf of Srichand said they were considering moving him from his private hospital to a National Health
