Lalit Modi's son writes to MCA, seeks SFIO, Sebi probe into Godfrey Philips

Ruchir points out that his grandmother Bina still runs the company as the president and managing director despite her ouster by public shareholders.

Family disputes in the KK Modi Group that owns Godfrey Philips India has reached a tipping point with Lalit Modi's son and a director of the second largest tobacco maker Ruchir writing to the corporate affairs ministry seeking an SFIO and Sebi probe alleging serious corporate governance issues and other malpractices in the company.

After KK Modi's death on November 2, 2019, his son Lalit Modi, who is now a fugitive in London, had sought sale of the family assets under the terms and conditions of the trust deed executed by his farther, which envisages sale of assets if there