One-liner: The Supreme Court on Monday suggested mediation to Lalit Modi and his mother Bina Modi, wife of late industrialist K K Modi, to resolve the long-pending property dispute in the family.
Need to name mediators: It wanted both the parties to give names of mediators of their choice while hearing the appeal of Lalit Modi against the judgment of a division bench of the Delhi High Court.
Hearing on Dec 13: It also listed the plea for hearing on Dec 13 and advised both parties to name their mediators.
Need to know: Bina, Charu and Samir, in two separate suits, contended that there was a trust deed between the family members and the KK Modi family trust matters can't be settled via arbitration in a foreign country as per Indian laws.
Background: As per the case, the trust deed was executed at London by KK Modi as settlor/ managing trustee and Bina, Lalit, Charu and Samir as trustees, and in pursuance to oral family settlement recorded between them on Feb 10, 2006. KK Modi died on Nov 2, 2019, after which the dispute emerged amongst the trustees.