But after a petition from MC Sivakami in 2025, the Supreme Court has issued a stay on the 2.7‑acre property on East Coast Road, which the family of the late actress Sridevi bought in 1988.
The bench, led by Justices KV Viswanathan and Arun Palli, directed that the status quo be maintained until the next hearing and invited the parties to engage in mediation, with a retired High Court judge to be appointed as mediator.
The Supreme Court asked whether MC Chandrasekaran, who sold the land, held a one‑fifth share and whether the petitioners could claim that share, prompting the court to probe the legitimacy of the claimants’ legal standing.
Senior Advocate Abhishek Manu Singhvi, representing the Kapur family, countered that the petitioners reached adulthood in 1995 and 1999, making the 2025 suit barred by the 12‑year limitation that applies to claims based on deeds dated before 1988.
A vendor on East Coast Road, Ramesh Kumar, says the prolonged litigation has stalled his shop’s rent payments, as the property’s exact ownership remains in limbo.
The Supreme Court will reconvene on December 18 to assess mediation progress, after which a final decision on the property’s ownership will be taken.