The Vadilal Group, a prominent conglomerate in Gujarat, is currently embroiled in a family feud. After a prolonged hiatus, the National Company Law Tribunal (NCLT) has delivered its verdict on the matter. The group’s valuation stands at approximately 3,400 crores.
The court noted that both parties have misused the legal system and government machinery by repeatedly filing complaints and petitions. Consequently, they have been ordered to deposit 10 lakhs into the PM Relief Fund.
Until the demerger process is complete, all three brothers—Virendra Gandhi, Rajesh Gandhi, and Devanshu Gandhi—retain the right to use the Vadilal Group’s trademark.
