Greatachiever
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This could perhaps be one of the biggest divorce settlements cleared by a trial court in recent times. A Delhi-based couple has mutually agreed to part ways after 20 years of marriage with the wife walking out with Rs five crores as full and final alimony.
The final settlement was recently cleared by a family court in Saket after the husband—a Delhi-based businessman—agreed to pay Rs five crores towards the maintenance of his wife and daughter.
The couple, which had married in the year 1992, filed for the divorce in February 2012 and the husband had initially agreed to pay Rs one crore as the final settlement for their divorce. However, during the intervening period of six months, the man decided to pay Rs four crores extra as the alimony.
The couple, who have two minor children—a boy and a girl, have also decided to take the custody of one child each. While the husband will take care of his son, the wife will raise their daughter. The husband has already paid Rs 50 lakh to the wife. The agreement states that out of Rs 5 crores, the husband will make a fixed deposit of Rs 2.5 crores for his minor daughter. The remaining Rs 2.45 crores will be used by the wife to buy a house of her own.
After the hearing, the family court gave its approval on the basis of the settlement deed, which stated that after the realization of Rs 5 crores, the right of the wife on the properties of the husband will stand extinguished.
Prabhjit Jauhar, counsel for the husband, said that the couple have reached upon an agreement and will also be allowed to visit their children as and when they want. "With the settlement in order, both the husband and wife have been able to sort out their differences and have further undertaken not to interfere in each other's lives in the future. As such the entire matrimonial disputes at the end of day boils down to payment of alimony and once it is sorted, the couple can withdraw all the litigations against each other and thereafter live happily," Jauhar said.
The final settlement was recently cleared by a family court in Saket after the husband—a Delhi-based businessman—agreed to pay Rs five crores towards the maintenance of his wife and daughter.
The couple, which had married in the year 1992, filed for the divorce in February 2012 and the husband had initially agreed to pay Rs one crore as the final settlement for their divorce. However, during the intervening period of six months, the man decided to pay Rs four crores extra as the alimony.
The couple, who have two minor children—a boy and a girl, have also decided to take the custody of one child each. While the husband will take care of his son, the wife will raise their daughter. The husband has already paid Rs 50 lakh to the wife. The agreement states that out of Rs 5 crores, the husband will make a fixed deposit of Rs 2.5 crores for his minor daughter. The remaining Rs 2.45 crores will be used by the wife to buy a house of her own.
After the hearing, the family court gave its approval on the basis of the settlement deed, which stated that after the realization of Rs 5 crores, the right of the wife on the properties of the husband will stand extinguished.
Prabhjit Jauhar, counsel for the husband, said that the couple have reached upon an agreement and will also be allowed to visit their children as and when they want. "With the settlement in order, both the husband and wife have been able to sort out their differences and have further undertaken not to interfere in each other's lives in the future. As such the entire matrimonial disputes at the end of day boils down to payment of alimony and once it is sorted, the couple can withdraw all the litigations against each other and thereafter live happily," Jauhar said.
