Supreme Court of India Refers Kalyani Family Dispute Over ₹1 Trillion Assets to Mediation
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TL;DR
- Supreme Court of India sends Kalyani siblings' ₹1 trillion asset dispute to mediation.
- Former Supreme Court judge Justice L Nageswara Rao is appointed mediator.
- Bombay High Court proceedings paused during mediation attempts.
- Dispute involves family stakes in listed companies and broader HUF asset claims.
Overview
On July 13, 2026, the Supreme Court of India referred a major family dispute involving the Kalyani siblings to mediation. The case concerns ancestral wealth and promoter stakes in listed companies such as Bharat Forge, with assets valued at over ₹1 trillion. The Bench requested former Supreme Court judge Justice L Nageswara Rao to act as mediator, and directed the Bombay High Court to halt related proceedings pending mediation.
What Happened
On July 13, 2026, the Supreme Court of India referred a long-running familial and corporate dispute involving the Kalyani siblings to mediation. The assets in question, including significant stakes in Bharat Forge and other listed companies, are reportedly worth more than ₹1 trillion.
The mediation process will be overseen by former Supreme Court judge Justice L Nageswara Rao. The parties were urged by the Bench to attempt an amicable settlement within the next two weeks.
The Supreme Court also instructed the Bombay High Court to halt ongoing proceedings related to Sugandha Hiremath's suit during the course of mediation.
The dispute stems from claims over an alleged 1994 family arrangement regarding shares in Hikal Limited, and broader claims on various assets including other corporate holdings, real estate, and personal property.
Context
The Kalyani family dispute involves multiple court proceedings across Mumbai, Pune, Wai, and Karad, with partition and probate suits from different family branches.
The Supreme Court intervention occurred after the Bombay High Court declined to refer the case to mediation in May 2026, citing lack of party agreement.
The Hiremath family seeks enforcement of a 1994 family arrangement, which Kalyani family members dispute in both substance and legal effect.
Why It Matters
- The mediation referral halts parallel court proceedings, focusing parties on a possible out-of-court settlement.
- The dispute concerns one of India's largest reported family business disagreements involving listed company stakes and assets exceeding ₹1 trillion.
- The Supreme Court's involvement highlights its approach to encouraging dispute resolution outside litigation in high-value, complex family matters.
Sources
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Supreme Court sends Kalyani siblings' ₹1 trn family dispute to mediation
business-standard.com