Columns

Bina Modi need to encourage Samir Modi's visit to Godfrey Phillips Panel, says Delhi courthouse, ET Retail

.Samir ModiBina Modi need to suggest Samir Modi's consultation to Godfrey Phillips India's panel when it is due in September yet the provider's election and also wage board are going to select his consultation, a south Delhi court has actually ruled.It has withdrawn interim defense given to Samir Modi in June against his elimination coming from the provider's board. It claimed the business's nomination and wage board ought to comply with due methods outlined based on the providers act. The court was actually settling on issues related to family members of the Modi household who are actually marketers of Godfrey Phillips. Samir Modi has alleged that his mama Bina Modi and also other directors of Godfrey Phillips were actually confederating to remove him from the panel. He also alleged that he had been actually attacked as part of this planning by his mom's personal security officer at a panel meeting on 30May. The court of law likewise gave a liberty to Godfrey Phillips to select its organized leave from its retail service under the label 24/7. Samir Modi had actually likewise asked for that Godfrey Phillips be actually stopped from exiting the retail service. The cigarette firm is the team's moneymaker and has actually taken centrestage in an inheritance feud between the followers of KK Modi.Samir and also his brother Lalit (past IPL supervisor) are actually nailed down a disagreement with their mama Bina Modi over distribution of the loved ones heirloom which they profess was precisely set in a depend on action by their late daddy KK Modi. They profess their mama is actually certainly not complying with the trust act. Bina Modi is currently chairperson and also handling supervisor of Godfrey Phillips.
Published On Jul 31, 2024 at 02:12 PM IST.




Participate in the community of 2M+ business professionals.Subscribe to our email list to receive newest insights &amp analysis.


Install ETRetail Application.Obtain Realtime updates.Save your preferred articles.


Scan to download and install Application.