Powai businessman gives 1cr and a flat for divorce

Shibu Thomas TNN 

Mumbai: A flat and Rs 1 crore is what a city resident will pay to his estranged wife and two minor children as permanent alimony and maintenance in one of the biggest divorce settlements inked before the Bombay high court. A division bench of Justice A M Khanwilkar and Justice A R Joshi last week gave its approval to the settlement agreed upon by Powai residents Arnab and Piyali Sen. “Since the couple was inclined to amicably settle the matter and had even drawn up the terms of settlement, it would be appropriate and in the interest of their children, who are now grown up and need special attention for further and higher education, to finalize the terms,” said the judges, while adding that they hoped the couple understood that “they have to act responsibly and not create any untoward situation which would jeopardize the settlement terms”. 

    As per the settlement Arnab, a businessman, is allowed to sell off his sprawling flat in a 36-storey tower in Hiranandani Gardens, where his wife and two minor children currently reside. Flats in the area sell for around Rs 20,000/sq ft. After paying bank and society dues, Arnab will invest 50% of the proceeds in a new flat in the name of Piyali and their son and daughter. The remainder will go to Arnab, who will also have to pay his wife Rs 50 lakh permanent alimony and Rs 25 lakh each to his children as permanent maintenance. 


Wife agrees to give up claim to property 

Mumbai: Businessman Arnab Sen has agreed to pay a huge sum as alimony and maintenance to finalize his divorce withwifePiyali.TheRs25lakh that he will pay his minor son and daughter as permanent maintenance will be put into a fixed deposit, and they will be entitled to withdraw the proceedswhen they turn21. 

    Once the flat is purchased and Piyali and the children move in, the couple will approachthefamily courtfor a divorce by mutual consent. The couple has also agreed to withdraw all criminal and civil cases that they have filed against each other. Piyali also assured the court that once she receivesher alimonyshewould have noclaim over the property owned by Arnab or his family. She also agreed to let Arnab haveweekly accesstothekids. 

    The matter has been posted for hearing on August 2, when the couple would inform the judges about the compliance of the settlementterms. Arnab had moved the family courtin 2010for divorce.The family courthad granted maintenance to the two children, which the HC subsequently fixed at Rs 12,500 per month for each child. The HC asked Arnab to pay Rs 25,000 as monthly maintenance for each child till he deposits the permanent maintenance. (Names of the couple changed to protect the family’s identity).


Soource::: The Times of India, 18-07-2012, p.01. http://epaper.timesofindia.com/Default/Client.asp?Daily=TOIM&showST=true&login=default&pub=TOI&Enter=true&Skin=TOINEW