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Legal dispute over late industrialist Sunjay KapoorPriya Kapoor’s lawyer insisted that the allegations made by Rani Kapoor were “factually incorrect” and not supported by the record.
During the hearing, Priya’s lawyer told the court that Rani Kapoor’s claim that Sanjay earned ₹60 crore as salary is misleading, clarifying that his actual salary for FY2024 was ₹10 crore, while a one-time, non-recurring bonus of ₹50 crore was paid separately. After TDS of ₹23.5 crore, Sanjay got ₹36.5 crore in hand, of which ₹28.5 crore was used to buy two UK immovable properties that were clearly listed in his will and acquired during his lifetime.
The lawyer further said that no money was transferred to any foreign bank account after Sanjay’s death, and the two accounts cited by Rani had zero balance since the beginning, the entire statement was placed before the court.
Refuting claims of financial irregularities, Priya’s lawyer said that Rani Kapoor gets ₹21.5 lakh per month from AIPL, and her personal expenses are paid exactly the same as when Sanjay was alive.
The court was also informed that an email sent on June 16, three days after Sanjay’s death, came from Rani’s own account, containing messages accusing the trustees and staff.
On the shareholding details, it was clarified that Sanjay personally owned 6.5% of AIPL and not Sona BLW, which as per stock-exchange disclosures held only 2% of Sona BLW.
The lawyer also highlighted that Priya Kapoor had voluntarily resigned from AIPL on May 24, 2023, and also as part of a coordinated promoter-group restructuring, she was appointed chairperson of RIPL, another entity owned by Sanjay. Sanjay had also resigned from RIPL and took over the role of MD in AIPL following the same process.
Priya’s lawyer rejected the allegations of “marital discord”, saying such claims were “false, reckless and extremely insensitive”. He said every allegation had collapsed under basic scrutiny, with the bank’s statements, board resolutions, property records and jurisdictional laws rejecting claims of concealment or wrongdoing.
The lawyer concluded that the will is supported by a continuous digital trail, attested witnesses, affidavits, and reflects Sanjay’s own long-standing financial decisions, nominations and communication patterns, noting that no undeclared assets or offshore transfers have been found so far.