The Supreme Court had appointed retired SC judge Justice Kurian Joseph as a mediator to work out a solution.Pursuant to this, Vijit Singh and his brother Jai Singh, sons of late Prithviraj, Sawai Man Singh’s son from his marriage with Maharani Kishore Kunwar, agreed to handover the Jai Mahal Palace Hotel at a settlement arrived at on December 15.Jai Mahal Palace will now be transferred to Devraj Singh and Lalitya Kumari and they would become the sole owners of this majestic property which is run as a hotel by the Tata Group under a management contract arrangement.Following the settlement, Justice Joseph presented before the Supreme Court the documents relating to the amicable settlement and after studying the same, the Supreme Court accepted the settlement and passed the order that would be binding on all the stakeholders.In the appeal pending in the Supreme Court filed by Devraj Singh and Lalitya Kumari, Rambagh Palace Hotel Pvt Ltd and Jai Mahal Hotel Pvt Ltd represented by Jai Singh and Vijit Singh were the respondents.Under the terms of the settlement, Devraj Singh and Lalityaa Kumari shall forego their shares in the Rambagh Palace entirely in favour of the respondents while Jai Singh and Vijit Singh shall forego their shares in the Jai Mahal Palace Hotel Pvt Ltd. Thus, by way of mutual exchange of their respective shareholdings, they would forego their respective shares.
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