Bhasker Shetty family feud : Court injunction against relatives ; advocate clarifies

Bhasker Shetty family feud : Court injunction against relatives ; advocate clarifies

Mangalore Today News Network

Mangaluru, Nov 23, 2016 : The family feud over running the Hotel Durga International owned by the slain businessman Bhasker Shetty has been taking interesting turns with the passing of each day. In a latest development, the JMFC Court in Udupi has served injunction  against the  mother and other family members of Bhasker Shetty against interfering in the affairs of the hotel administration, informed   M Chidananda Kedilaya,  advocate for Bhasker Shetty’s wife  Rajeshwari Shetty.

Speaking to reporters at Press Club here on November 23, Wednesday, he said  Bhasker Shetty had started Durga International Hotel at the land owned by his wife, after availing loan from the Adi Udupi Branch of Karnataka Bank.   After the demise of Bhasker Shetty, the  ownership of the hotel  legally comes to Rajeshwari Shetty, he said.

He also stated that  Rajeshwari who is presently in jail as an accused in the murder case,  has given the letter of authority to her mother Sumathi Raghuram Shetty to manage the  hotel as well as the  outstanding bank loans, Kedilaya said and alleged that Bhasker Shetty’s relatives namely Guruprasad Shetty, Jogu Shetty, Jayanthi Shetty, Chandrashekhar Shetty and Nirmala Shetty were   interfering in the daily affairs of the  hotel and  have also tried to gain control over it forcibly.

 It was following this that  Sumathi Raghuram Shetty had  moved the court seeking injunction against  Bhasker Shetty’s relatives, Kedilaya informed.

“Though it is still not proved that Shetty is dead, his family is talking about a will which has not yet been produced,” said Kedilaya.

Meanwhile, Rajeshwari’s sister Renuka Rai who too was present at the press meet,  refuted the claims that Bhasker Shetty had owned property worth Rs 350 to Rs 400 crores.  “In reality, the Hotel Durga International is worth Rs 8 crores,  Bhasker Shetty’s  house is worth Rs  1 crore and the  gym worth Rs 1.5 crore. Shetty  also  had  outstanding  loan of Rs 2 crores  against his hotel an also his residence while other loan accounted to Rs 6.5 crore. The land on which the hotel is located is gifted to Rajeshwari by her mother. This being the case  how could have Shetty owned Rs 350 crore worth assets ?,” she questioned.