Priya Kapur moves Delhi HC seeking access to late Sunjay Kapoor’s frozen funds | Today’s news
NEW DELHI/MUMBAI: Priya Kapur, wife of late Sona Comstar chairman Sunjay Kapur, on Friday moved the Delhi High Court to clarify and partially modify an earlier order freezing his assets, marking a new twist in the ongoing family dispute over the industrialist’s estimates. ₹30,000 million crowns.
The suit appeared before Justice Jyoti Singh, who issued the original order on April 30 freezing and preserving the assets.
Justice Singh, however, refused to hear the plea herself and directed Priya Kapoor’s legal team to approach the bench on Tuesday with the listing list, noting that she could not modify the earlier order and any relief would have to be sought by the appropriate court.
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The development is the latest chapter in the widening Kapur family battle, which has already sparked a series of proceedings involving inheritance claims, contested wills and control of family assets.
According to a fresh application filed in court, Priya Kapur has sought permission to withdraw funds from Sunjay Kapur’s Employee Provident Fund (EPF) account and some joint overseas bank accounts.
According to Priya Kapur’s legal team, Sunjay Kapur was responsible for the education expenses of his children, Samaira and Kiaan, from his earlier marriage to actor Karisma Kapoor. They argued that following his death last year, these expenses must now be met from his estate.
Her counsel, Senior Advocate Rajiv Nayar, told the court that the bank accounts currently allowed to operate under the April 30 order no longer have sufficient funds to continue to cover these expenses.
The plea states that the withdrawals are primarily sought to cover Sunjay Kapur’s children’s education expenses and expenses related to overseas assets.
Priya Kapur has sought permission to use EPF account funds for ongoing and future educational expenses of Samaira Kapur and Kiaan Raj Kapur, including school and university fees, board, lodging and travel expenses in India and abroad. The petition also sought permission to pay school fees for another child – Azarias Kapur’s son, Priya and Sunjay Kapur.
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In addition, it applied for permission to operate and withdraw funds from joint overseas accounts held with HSBC UK and JP Morgan Chase banks.
The application, reviewed by Mint, also records an undertaking by Priya Kapur that a portion of the funds corresponding to the balances as on June 12, 2025 will continue to be retained in favor of the estate. Sunjay Kapur died on June 12 last year after suffering a heart attack while playing polo in London.
She further offered to continue filing quarterly statements and supporting documents with the court detailing the withdrawals and use of the funds.
On April 30, Justice Jyoti Singh passed an interim order restraining Priya Kapur from transferring, freezing, liquidating or changing her holdings in three companies – AIPL, BRS Finance and Investment Co. Pvt. Ltd, and JTEKT India Ltd. These companies are linked to the promoter’s stake in listed Sona BLW Precision Forgings Ltd (Sona Comstar) and an investment structure linked to the Kapur family estate.
She was also prohibited from withdrawing sums from the pension fund and alienating personal property, including works of art.
She was also banned from withdrawing funds from certain Indian bank accounts and transferring cryptocurrencies allegedly held by Sunjay Kapur.
The family feud started after Sunjay Kapoor’s death last year.
The dispute first came to light when his children, Samaira and Kiaan, challenged a will that allegedly left the entire estate to Priya Kapur, demanding that they each receive a fifth share of their personal assets.
Read also | Karisma Kapoor vs Priya Kapoor: Inside Sunjay Kapoor’s property dispute
The battle later escalated after Sunjay Kapur’s mother, Rani Kapur, separately challenged the “Rani Kapur Family Trust” alleging that it was being used to transfer control of family assets.
The dispute is also currently in mediation after the Supreme Court appointed former Chief Justice of India DY Chandrachud as a mediator in an attempt to resolve the family conflict through settlement rather than protracted litigation.
