Rani Kapur Appeals to Supreme Court Over Family Trust-Linked Board Meeting Dispute

Kapur Family Dispute Escalates as Rani Kapur Seeks Supreme Court Intervention

The Kapur family dispute has taken a new turn as Rani Kapur, mother of the late Sona Comstar chairman Sunjay Kapur, has moved a fresh plea before the Supreme Court seeking urgent directions to stop a proposed board meeting of entities linked to the disputed family trust. This development comes just days after the Supreme Court appointed former Chief Justice of India D.Y. Chandrachud to mediate the ₹30,000 crore Kapur family dispute over the estate of the late chairman.

The matter was mentioned before a bench led by Justice J.B. Pardiwala on Tuesday, with Justice Pardiwala stating, "We have entered into an arena. The Mahabharata will look very small. We will look into it." The court has listed the matter for hearing on 14 May.

Rani Kapur's new application, reviewed by Mint, seeks to restrain Kapur's widow, Priya Kapur, and other respondents from changing the management structure, appointing new directors, altering bank signatories, or taking financial decisions that could impact the disputed estate while the court-appointed mediation process is ongoing.

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The proposed 18 May board meeting of Raghuvanshi Investment Pvt. Ltd. (RIPL), a key family investment entity linked to the Rani Kapur Family Trust, is at the center of the dispute. Rani Kapur alleged that the meeting is aimed at changing control over the finances and management of the disputed family businesses and bypassing the court-appointed mediation process.

Rani Kapur's latest plea was triggered by a notice dated 8 May calling the 18 May board meeting of RIPL. She claimed the notice was issued barely 24 hours after the mediation order. The application alleged that the proposed resolutions go far beyond routine compliance matters and are aimed at removing her from effective control over the trust-linked entities before mediation proceedings can begin properly.

If the meeting is allowed to proceed, the respondents could appoint new directors, change bank signatories, and grant "unlimited" financial powers to individuals allegedly acting at the behest of Priya Kapur and her associates. This could create an irreversible situation that no future court order or mediation could easily undo.

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Rani Kapur has alleged that holding the proposed board meeting is a "blatant abuse of power" intended to defeat the purpose of the ongoing judicial proceedings and court-monitored mediation. She claimed that if the meeting is allowed to proceed, the respondents could "siphon off, liquidate, or secretly transfer" the wealth of the company, potentially causing irreversible changes to the disputed family estate.

The dispute is part of a larger succession battle that erupted after the death of industrialist Sunjay Kapur on 12 June 2025. Rani Kapur has already challenged the validity of the RK Family Trust, alleging that it was fraudulently created in 2017 when she was medically vulnerable after suffering a stroke and that her signatures were obtained on documents without informed consent.