At one point in his life, he was counted as one of India’s richest men, but times have changed for the worst and he is living a “hand-to-mouth” life. He blames his own son for the tragic turn of events.
 
The creator of Raymond Ltd, Dr. Vijaypat Singhania, made a fortune out of his business and handed it over to his son Gautam. Today he is living a defeated life in a rented row-house in south Mumbai at the Grand Paradi society.

According to his lawyer who stated in the court on Wednesday that Dr. Singhania, now retired, is struggling financially. He had filed a petition for the possession of a duplex in the 36-storey JK House on Malabar Hill. JK House had started off as a 14-storey structure in 1960, however, four duplexes were added in the building later and given to a subsidiary of Raymond- Pashmina Holdings. In 2007, the company went into redevelopment.
 
The deal stated that Dr. Singhania and Gautam along with Ajaypat Singhania’s (Dr. Singhania’s brother) widow Veenadevi and her sons Anant and Akshaypat, were entitled to 5,185 sq. ft. duplexes each in the building for Rs 9,000 per sq. ft.
 
According to Senior Advocate Dinyar Madon, Dr. Singhania has given his wealth to his son, but in return, the son is taking his father out of everything and is leaving him to fend for himself. An injunction against the company was demanded by Madon, for rights on the duplexes on the 27th and 28th floor of JK House. He also demanded Rs 7 Lakhs/month for an alternative accommodation for Dr. Singhania at company cost.
 
The injunction was agreed upon by Dwarkadas, however, he didn’t accept the demand for rent. He said he needs time to respond since the stakeholders of the company have rejected the proposal to pay Dr. Singhania rent and possession of the duplex at the company's Annual General Meeting held in June.

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