Thursday, 21 March 2024

Unusual way to get rich !!

 

This guy familiar to you?

His name is Sudhir

He has played small roles in many films

He was part of a huge family of film financiers but his father was among the poorest members of the same family

He roomed in the same area as Bachchan and Amjad Khan and Shatruguan Sinha in 1970–1972

He eked out a living as a small time writer and selling shirting and acting in small parts for various studios

Then in one day his life changed

He was WILLED almost 4 Acres of Land in Bombay in the mid-1970s and 14 Luxury Cars

A Very Wealthy Marwari financier who was pissed off with his family, willed his entire estate to Sudhir solely because Sudhir drove him on his last journey as a favour

A Clear will naming Sudhir as the sole beneficiary of the mans will witnessed by a reputed doctor and by a famous producer

Obviously the Will was contested ferociously

Meanwhile Sudhir received a monthly rent of ₹ 210/- for each Unit of the Chawl due to rent ceiling and had to pay almost ₹40, 000/- in Taxes

He was cited for illegal construction in 1986 and warned to hand over the property to someone else in exchange for a ₹7 Lakh compensation

He leased out those 14 Cars for film shootings. The Courts allowed him these lease amounts as earnings but any sales sum would have to be placed in a separate account

For 31 years, Sudhir and his family saw an avalanche of litigation during which Sudhir sold his cars but had to put the money in a separate account

He refused to settle with anyone

Meanwhile he survived on handouts for his treatment for Pulmonary Something and struggled financially

In 2007, the Courts decided in his favour

They acknowledged that the Financier had clearly said all the earned wealth would go to Sudhir and it was not the courts business to interfere in why certain people made certain decisions

Sudhir was entitled to ₹ 46 Lakhs earned from the sale of the cars plus interest in the bank

Then he sold one car for ₹3.3 Crore to Vijay Mallya - a Vintage car

His financial position improved dramatically by 2009

Still the legality of the Chawl was pending

Sudhir died in 2014, willing the Chawl to his son and daughter and wife equally

In 2019, the Courts decided that the Chawl belonged to Sudhir legally as Lalwani had paid a sum of money and legally purchased the land on which the Chawl was built

The Value of the Land?

Roughly ₹ 240 Crore

The State protested and used the Land ceiling in Mumbai and said No Individual could own 4 Acres of Land in that area single handed

In 2021, the courts valued Sudhir’s estimated ownership at 0.96 Acres per the 1976 standards

Thus Sudhir’s share was estimated at around ₹59 Crore

The family finally got ₹46 Crore after all taxes by the State Government Or Local Corporation

Sudhir had been gone for a decade but still HE EARNED ALMOST ₹50 Crore cumulatively just by a single will and a moment of anger and indecision by this Marwari financier

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