New Delhi, The Supreme Court has directed the execution of a settlement in a dispute involving the family of the 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 Chandurkar took note of the report filed by the mediator appointed by it and ordered the parties to implement the same.
The property dispute involving the Ardee Group involves Shefali Varma and Shibani Varma Kapur, daughters of the late Ashok Varma, regarding control of the family's real estate assets and business interests.
The top court had appointed former top court judge Justice Kurian Joseph, as a mediator to assist the parties in reaching an amicable settlement.
Justice Joseph had earlier submitted an interim report informing the bench that the parties had successfully resolved their major disputes through mediation.
Taking note of the report, the Supreme Court granted time for implementation of the settlement and directed the parties to carry forward the agreed terms.
