NEW DELHI: The Supreme Court has ordered a settlement in a dispute involving the family of late real estate developer Ashok Varma, related to the Ardee Group and associated family assets.
A bench comprising Justices J.K. Maheshwari and Atul S Chandorkar took cognizance of the report submitted by the mediator appointed by her and ordered the parties to implement it.
The ownership dispute involving the Ardee Group involves Shefali Varma and Shibani Varma Kapoor, daughters of the late Ashok Varma, regarding control of the family’s real estate assets and business interests.
The Supreme Court appointed former Supreme Court judge Justice Kurian Joseph as a mediator to help the two parties reach an amicable settlement.
“After considering the seriousness of the case, we suggest that the parties resort to mediation, as the senior lawyers representing the parties have agreed to resort to mediation.
“With the concurrence of senior counsel for both parties, we request Justice Kurian Joseph, former judge of this court, to burn the midnight oil and help reach an amicable solution, if possible,” the bench said in its order.
Justice Joseph had earlier submitted an interim report informing the bench that the parties had successfully resolved their main disputes through mediation.
The mediator informed the Supreme Court that additional time would be needed to reach a comprehensive settlement framework and complete the implementation process.
After taking cognizance of the report, the Supreme Court granted time to implement the settlement and directed the parties to proceed on the agreed terms.
The interim report presented to the court stated that the parties had reached a settlement of their main disputes.
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