Overview
- Priya Kapur, who sent a formal notice Tuesday, said Rani Kapur is removed as trustee effective Wednesday and can no longer act for the trust or handle its assets.
- The removal follows Rani Kapur’s March 21 notice seeking to oust Priya as trustee, creating dueling claims over who controls the trust.
- Priya alleges Rani breached fiduciary duties by trying to dissolve the trust and claim its corpus for herself while still acting as a trustee.
- The trust was set up in 2017 by Rani Kapur as a private, irrevocable vehicle for her son Sunjay, with benefits said to pass to his children after his death in June 2025.
- The Delhi High Court is considering Rani’s January suit that attacks the trust as illegal and seeks the assets back, alongside related inheritance fights that include will challenges by Karisma Kapoor’s children.