Family feud: YS Jagan Mohan Reddy files NCLT suit against sister and mother
YS Jagan Mohan Reddy, former Andhra Pradesh CM and YSR Congress Party president, has filed a legal suit against his sister, YS Sharmila, and mother, Vijaya Lakshmi. He claims they illegally transferred shares of Saraswati Power and Industries Private Limited from him and his wife to themselves.
The National Company Law Tribunal (NCLT) will review his petition today, highlighting a serious family dispute over company ownership and management. This case brings the family rift into the spotlight, raising concerns about control within the family’s business empire.
The NCLT’s decision could significantly affect Reddy’s family ties and influence the future of the company. The ruling may shed light on broader issues of trust and governance within one of Andhra Pradesh’s most prominent families.
