Dr Vijaypat Singhania, the man who spent over two decades in dressing up Indian male and was once India’s richest men is now struggling with a financial crisis and the only person he blames is his son, Gautam Singhania. His lawyer claims that the ex-tycoon is being reprieved from simple perks of life including rent of an alternate accommodation and car. He now resides in a rented apartment in the city’s upscale Grand Paradi society. In a report, Senior Advocate Dinyar Madon was quoted saying, “They are trying to squeeze him (Dr Singhania) now. All his perks – like a car and a driver — have been taken away.”
Recently, Vijaypat Singhania had filed a petition in the Bombay High Court for seeking a position in the 36-storey JK House in Mumbai’s Malabar Hill. The house is originally founded by Dr Singhania in 1960, then a 14-storey structure. In 2007, the company planned for redevelopment and as per the deal, Dr Sighania, Gautam and Dr Singhania’s brother’s widow and sons Anant and Akshaypat were to get 5,185 sq ft duplex each. Veenadevi and Anant have filed a joint petition and Akshaypat has filed an independent petition in the Bombay High Court to claim the apartment.
Senior Advocate Madon sought Rs 7 lakh per month from the company as Dr Singhania was promised an alternative accommodation. He further alleged that Gautam was occupying all the four duplexes. The Bombay High Court on Tuesday asked Dr Singhania and his son Gautam Singhania to come up with an amicable solution to the 2007 dispute over the JK House. The court observed that this kind of cases should not come to the court and should have been settled. Counsels on both the sides agreed to initiate the talks. The court further asked Raymond to file its reply by August 18 regarding the duplex issue. The next hearing is scheduled for August 22.