Splitting up of the assets worth $ 14 billion Hinduja Group between family members might occur by the November end, six months after lawyers of Gopichand Hinduja, brother of family paterfamilias Srichand (SP), said to a London judge that the family had approved set aside a 2014 agreement, as per the media report.

Though there is no hard stop, there is sympathy that by November end, the family will come to reimbursement to halt up one of the biggest conglomerates in the world. The group comprises 38 companies, out of which half a dozen are listed, counting flagship IndusInd Bank.

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The November-end target is mentioned in the August 2022 decision by Justice Hayden of the Court of Protection, and the Hinduja family had contracted to “heads of terms” outline with the intention to end all litigation affecting the empire.

Failing to arrive at a payment could witness the matter going back to the London court that became the lead venue of a legal argument. Multiple lawsuits are also filed worldwide, including in the Swiss canton of Lucerne.

The nub of the problem is the legal validity of the 2014 agreement contracted by the four Hinduja brothers, i.e. SP, GP, Ashok, and Prakash, that “everything goes to everyone, and nothing belongs to anyone.” Moreover, they also agreed that each of the brothers would be the originator of the other’s will.

Though GP, Ashok, and Prakash Hinduja had contended that this pact laid the underpinning for succession planning for the 108-year-old conglomerate, the stance was confronted by SP’s two daughters.