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Sunjay Kapur's Mother Is Not A Shareholder, Says Company Amid Family Feud
Sunjay Kapur's Mother Is Not A Shareholder, Says Company Amid Family Feud

NDTV

time5 hours ago

  • Business
  • NDTV

Sunjay Kapur's Mother Is Not A Shareholder, Says Company Amid Family Feud

New Delhi: The feud brewing within the Kapur family-owned Sona Group - an empire worth Rs 30,000 crore - took a sharp turn Friday evening after the flagship company, Sona BLW Precision Forgings Ltd, said Rani Kapur, the former Chairman Sunjay Kapur 's mother, is not a shareholder, and has not been since 2019. Hours earlier Ms Kapur wrote to the board, identifying herself as a majority shareholder and demanding an Annual General Meeting scheduled for this afternoon be postponed. She said she had been coerced into signing documents and questioned the decision to appoint "certain people (i.e., Priya Sachdev Kapur, her daughter-in-law)" who claimed to speak for the family. The company responded with a market filing that said in May 2019 a "declaration of significant beneficial ownership" was received that identified Sunjay Kapur as the "sole beneficial owner...". As a result, the company said, Ms Kapur had "not been a shareholder since 2019". On the appointment of Priya Sachdev Kapur as a non-executive director, the filing said her name had been proposed and her appointment "duly reviewed... and approved". And on Ms Kapur's claim about being "forced to sign documents behind locked doors", the board stressed that no documents had been signed or obtained from her since Mr Kapur's death. The family row broke after an email from Rani Kapur late Thursday that requested the deferment of the AGM. The board said it took legal advice on how to proceed "out of respect" for Ms Kapur. "Based on the legal counsel and the fact Rani Kapur is not a shareholder of the Company, the Company concluded that it could not defer the AGM," the exchange filing said. Earlier Ms Kapur had accused her 'enemies' of trying to usurp her family's legacy while she mourned the death of her son. She said she had been informed of an item on the AGM agenda, i.e., "the passing of a resolution to appoint certain Director(s) as being the representative of the Kapur family". That 'representative' was Priya Sachdev Kapur. Ms Kapur made it very clear that she had not been consulted in this decision. "For the record, I state I have not given any consent or officially nominated any person to come on the board of the company, or any other Sona Group company, after my son's demise, or given any consent to any person to represent me in any capacity before any Sona Group company." In the letter, which builds up to a Bollywood-style family drama, Ms Kapur also claims information from "well-wishers" had highlighted "gross illegalities" and left her "disturbed". "At this stage I do not wish to dilate any further on various gross illegalities... except to state, in no uncertain terms, that it is imperative that no decisions are taken without my consent," she said. Sunjay Kapur, a prominent busines leader in the automotive space, was earlier married to Bollywood actor Karishma Kapoor. The two separated in 2016 and he married model Priya Sachdev in 2017. NDTV is now available on WhatsApp channels. Click on the link to get all the latest updates from NDTV on your chat.

Family Drama, Power Play After Businessman Sunjay Kapur's Death
Family Drama, Power Play After Businessman Sunjay Kapur's Death

NDTV

time10 hours ago

  • Business
  • NDTV

Family Drama, Power Play After Businessman Sunjay Kapur's Death

New Delhi: Dramatic allegations - 'forced to sign documents behind locked doors' and 'left to the mercy of a select few for survival' - were made Friday by Rani Kapur, the mother of late businessman Sunjay Kapur, hours before an annual general meeting of the family-owned Sona Comstar company. In an emotional letter to the Sona Comstar board, Ms Kapur identified herself as the majority shareholder of the Sona Group, which includes Sona Comstar, and she had been "compelled to sign various documents without explanation" while grieving the loss of her son, who died in England in June. She questioned the board's decision to appoint "certain people (sources said the reference was to Priya Sachdev Kapur, her daughter-in-law) representing themselves as the largest shareholders", and said their claim to speak for the family was based on "documents executed by me under coercion". Ms Kapur demanded the AGM scheduled for 1 pm be postponed by two weeks. "Despite being under immense mental and emotional distress, I was coerced into signing such documents behind locked doors and, though I've requested repeatedly, the contents of such documents have never been revealed to me," Ms Kapur wrote in her letter. #WATCH | Delhi | Lawyer representing Rani Kapur, mother of late businessman Sunjay Kapur, Advocate Vaibhav Gaggar says," Rani Kapur is the head of the Kapur family and head of the Sona group. While she is recovering from the death of her only son, a few events have unfolded that… — ANI (@ANI) July 25, 2025 "Please also take note I have been totally denied access to my accounts and been left to the mercy of a select few for survival. All this, in less than a month of my only son passing away." Accusing her 'enemies' of trying to usurp her family's legacy while she mourns her son, Ms Kapur said she had been informed of an item on the AGM agenda, i.e., "the passing of a resolution to appoint certain Director(s) as being the representative of the Kapur family". Ms Kapur made it very clear that she had not been consulted in this decision. "For the record, I state I have not given any consent or officially nominated any person to come on the board of the company, or any other Sona Group company, after my son's demise, or given any consent to any person to represent me in any capacity before any Sona Group company." In the letter, which builds up to a Bollywood-style family drama, Ms Kapur also claims information from "well-wishers" had highlighted "gross illegalities" and left her "disturbed". "At this stage I do not wish to dilate any further on various gross illegalities... except to state, in no uncertain terms, that it is imperative that no decisions are taken without my consent." The Sona Comstar board has not yet responded. Sunjay Kapur, a prominent busines leader in the automotive space, was earlier married to Bollywood actor Karishma Kapoor. The two separated in 2016 and he married model Priya Sachdev in 2017.

Saiyaara is flawed. But it's old-fashioned romance is what we need
Saiyaara is flawed. But it's old-fashioned romance is what we need

Indian Express

time3 days ago

  • Entertainment
  • Indian Express

Saiyaara is flawed. But it's old-fashioned romance is what we need

Saiyaara — the recent film that clocked in Rs 100 crore in under four days, broke Bollywood's dry spell, and supposedly brought romance back to the screens — falls short at several levels. The film is a love story about a 22-year-old writer dealing with Alzheimer's. Neurologists say this is extremely rare, with early onset Alzheimer's generally not happening before 40. Then there is the depiction of Alzheimer's itself — the film liberally shows it as a broad set of dissociative disorders laced with an unhealthy dose of Bollywood-style melodrama. But suspension of disbelief is central to the Indian film watching experience. Movies try to draw us in with emotion and music, and we surrender. Saiyaara fails on these fronts too — the emotions are one-tone and the music is derivative and unremarkable to the point that you cannot tell one song apart from another. But then, the film seems to be striking a chord. Some people are even breaking down in theatres, social media is all praise, and ticket sales are increasing. That is a feat of sorts for a film with two newcomers in the lead: Aneet Padda and Ahaan Pandey. What explains the appeal? Perhaps it has to do with watching romance on the big screen, with two charismatic young actors owning the film. Indian film watchers have always had a massive appetite for romance. The 1950s saw Raj Kapoor-Nargis and Guru Dutt classics. In 1978, K Balachander made Maro Charitra, the doomed epic romance where Kamal Haasan and Saritha jump off a cliff at the end of the film. The '80s gave us Yash Chopra's Chandni. The '90s were defined by romance: Dilwale Dulhania Le Jayenge, Roja, Bombay. The early 2000s saw Alaipayuthey, a simple story asking a fundamentally difficult question — will our parents agree if we choose our own partners? There was also Veer Zaara around the same time. The 2010s built on the romantic template, cutting the chaff and stripping the gloss to asking us more probing questions. Nagraj Manjule's Sairaat and Pa Ranjith's Pariyerum Perumal came as punches to the gut, showing the ugliness of our casteist society. A romantic film, then, is never just romance. It signifies aspiration and escape — wanting to make a choice for yourself, wanting to transgress, wanting to escape before society comes crashing down. It is also about fashioning a new kind of masculinity and demanding it as Shrayana Bhattacharya shows in her book Desperately Seeking Shah Rukh: India's Lonely Young Women and the Search for Intimacy and Independence. But a shift happened circa 2014-15. Since the big-ticket success of Baahubali, an epic period fantasy action film, the gears shifted towards action. Action slowly devolved into meaningless violence, with every subsequent big film mounted by big stars testing the appetite for gore. The women slowly became peripheral and the distribution model took over. Big films meant big guns (man and machine), elaborate chase sequences, and quick cuts. This also coincided with a larger shift to the attention economy — the framing popularised by American computer scientist and theorist Herbert Simon in the 1970s about the competition to capture limited attention. Fifty years later, that is more pronounced than ever. We are over-stimulated, confused, and living through wars, unprecedented tech disruption and an impending climate disaster. In this landscape, some like writer Kyla Scanlon — who makes sense of the American economy through the Gen Z lens — argue that attention is the single-most valuable product currently. 'We've moved from an economy where attention supports other forms of value creation to one where attention is value creation,' she writes. The point of this little theory detour is to say that films are not our primary sources of entertainment or grounds for thought. They are competing with a YouTube video, a reel, an image, a tweet. It would be practical to see them as just distribution vehicles. The biggest reach, the largest audience, the easiest template, the safest bet. Recently, production house Eros Now used AI to alter the ending of its 2013 film Raanjhanaa. The hero who is supposed to die in the film lives in this new version. Director Aanand L Rai says this is antithetical to his vision. Why would Eros make that choice in the first place? It's easy to sell a film using a powerful technology that is coming for our lives (and all of the creative industry) and to gain attention — when attention is so scarce. In this landscape, Saiyaara's solid bet and conviction on the melodramatic romance — no matter how imperfect — is refreshing. It is a film with zero fights, zero hero-entry shots, and zero jingoism. It's a story about a girl forgetting — and a boy's struggle to make her remember. Maybe that is what we are craving at this exact moment.

From Love to Laughter: 7 Coffee Mugs with Quotes
From Love to Laughter: 7 Coffee Mugs with Quotes

India.com

time3 days ago

  • Entertainment
  • India.com

From Love to Laughter: 7 Coffee Mugs with Quotes

Empowering Start – Sip confidence with this bold and stylish quote mug. Order Now Fuel Your Day – A power-packed quote mug to energize your mornings. Order Now Love in Every Sip – A heartwarming mug perfect for gifting your partner. Order Now Winning Mornings – Set the tone right with this inspiring coffee mug. Order Now Sibling Sass – For the brother who lives to lovingly annoy his sister. Order Now Cute & Quirky – A pink-handled mug that celebrates your chutku sister. Order Now Filmy & Fun – A classic Bollywood-style quote mug for your precious behna. Order Now Read Next Story

Who are Sidhartha 'Sammy' Mukherjee and Sunita Mukherjee? Indian origin couple arrested in $4 million fraud in Texas
Who are Sidhartha 'Sammy' Mukherjee and Sunita Mukherjee? Indian origin couple arrested in $4 million fraud in Texas

Mint

time4 days ago

  • Mint

Who are Sidhartha 'Sammy' Mukherjee and Sunita Mukherjee? Indian origin couple arrested in $4 million fraud in Texas

Celebrated for their glamorous public appearances and Bollywood-style performances, Sidhartha Mukherjee, aka Sammy, and his wife, Sunita Mukherjee, were known faces of the Indian community in North Texas. However, according to a Daily Mail report, the couple has been arrested in connection with a multimillion-dollar real estate fraud case. They have allegedly defrauded over 100 victims of at least $4 million ( ₹ 33 crore) through fictitious investment projects, and are now facing first-degree felony theft charges. The Mukherjees are currently being held at a US Immigration and Customs Enforcement (ICE) detention facility. The Mukherjees reportedly arrived in the US from India seeking asylum. Over the years, they hosted Bollywood-style musical events and cultural parties and became well-known in North Texas social circles. The couple maintained an active public presence until just before their arrest, but had filed for bankruptcy in 2024. Investigators are now exploring whether the defrauded funds were moved offshore or into cryptocurrency accounts. According to the arrest affidavit, Sidhartha Mukherjee also has outstanding fraud warrants in Mumbai. If convicted, Sidhartha and Sunita Mukherjee could face prison sentences ranging from five to 99 years. However, the Mukherjees have denied all allegations of fraud and distortion, alleging that they are the victims of a conspiracy. According to investigators, the couple lured victims into non-existent real estate deals by promising high returns. Investors were given fake, but convincing documents, including fake remodelling contracts and invoices allegedly from the Dallas Housing Authority. 'The investors didn't realise the fraud until the dividend cheques started to bounce,' reported CBS News. The fraudulent scheme came to light in 2024 when a couple claimed to have lost $325,000 and approached authorities. The investigation launched by Euless Police later expanded with FBI involvement. Detective Brian Brennan of Euless Police told CBS that he has never seen a 'fraudster' in his 23 years as 'prolific' as Sammy Mukherjee. Brennan said that the verification of the Dallas Housing Authority invoices confirmed that the projects were entirely fabricated. Several victims have come forward to describe the couple's persuasive and glamorous facade. So far, only 20 victims have been officially recorded, but investigators believe the total number may exceed 100. 'They will make you believe that they are very successful businesspeople. But they will take every single penny you have,' said Terry Parvaga, one of the victims, in a statement to CBS News. The couple allegedly targeted elderly individuals and was also involved in a PPP scam. The Mukherjees would reportedly target their older victims with threatening emails, falsely warning them of imminent arrest unless immediate payments were made. The Daily Mail reported that they are also accused of submitting false documents to obtain federal pandemic relief under the Paycheck Protection Program (PPP). To avail themselves of the benefits, they listed fake employees and fabricated payroll records.

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