Mumbai:�Leading real estate family, Niranjan Hiranandani and his daughter Priya Vandrevala have moved court against each other over family properties, including in Mumbai. At stake is $7 million, claims Priya.
Priya, �dragged her father and her brother Darshan Hiranandani to the Delhi High Court to restrain them from "alienating their Powai properties" and diluting their stake in the partnership firm.
She said the reason for seeking such protective orders is because she expects a final award from an international arbitration tribunal in her favour any day now.
Priya and her father fell out in 2009. They had entered into a business deal in 2006 to jointly develop real estate in India.
The deal, a 'business associate agreement', excluded certain ongoing projects that Niranjan and Darshan were permitted to continue with.
Priya's case is that when she found they were going ahead with certain developments they were not permitted under the deal, she invoked the arbitration clause.