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Boby Kurian

Bangalore , Jan. 13

THE mother of the late Manu Chhabria, Ms Ranibhai Rajaram Chhabria, has served legal notice to all the bidders for Shaw Wallace & Co (SWC)'s liquor business, which is on the block, cautioning them against entering into any deal.

The notice is served through legal firm J. Sagar Associates, and it reads: "Our client is the mother of the late Manohar R. Chhabria (Manu). As his mother our client is entitled to a share of the estate of the late M.R. Chhabria. Our client has reliably learnt that the liquor business of Shaw Wallace & Co Ltd, namely Shaw Wallace Distilleries Ltd, is offered for sale and that you are in the process of bidding for the same. Since Shaw Wallace Distilleries Ltd forms part of Shaw Wallace & Co which in turn forms part of the late M.R. Chhabria's estate, your agreeing to buy Shaw Wallace Distilleries Ltd is subject to our client's consent which has not been given".

It further states: "We hereby put to you on notice that any discussions/ negotiations/offers made by you for the purchase of Shaw Wallace Distilleries can only be done with our client's consent, and any purchase or agreement to purchase the same without our client's consent will expose you to such legal action available to our client entirely at your risk as to the cost and consequences there of." The notice has been served to the serious bidders for SWC liquor business, including United Breweries (UB), Mr Ramesh Vangal-controlled Mason & Summers Alcobev Pvt Ltd, Mr Puneet Bhatia of Newbridge Financial Advisor Pvt Ltd (Mr Vangal and Newbridge are joint bidders) and Kyndal India Pvt Ltd, the domestic trading arm of UK-based Scotch whisky major, Whyte & Mackay.

The UB group confirmed receipt of notice but did not elaborate on its likely impact on the ongoing bidding process. When contacted, Mr Ramesh Vangal offered no comment on the matter and claimed "no knowledge about it till now".

The legal notice has also been copied to Ms Vidya Manohar Chhabria, Chairperson of Jumbo Group, which manages SWC, Ms Komal Chhabria Wazir, Executive Director of SWC and the second daughter of the late M.R. Chhabria, and McKinsey Singapore, which called for bids on behalf of the Dubai-based Jumbo Group.

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