Fighting a lone boardroom battle at the Rs 36,000-crore Murugappa Group previously headed by her late father, US-based Valli Arunachalam welcomed apex court ruling in favour of rights of daughters to have a share in a Hindu Undivided Family property and said it reinstates faith in the judiciary.
Valli, the older daughter of former executive chairman M V Murugappan, had made the remarks after she was denied a board berth in the group holding company, Ambadi Investments (AIL).
Despite her mother and sister holding 8.15 per cent share in AIL, they were not provided with a board seat in the holding company

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