The family dispute between YS Jagan Mohan Reddy and YS Sharmila over Saraswati Power assets has taken a sharper turn. YS Vijayamma has now stepped in with a clear and firm position. She stated that her decisions regarding the distribution of family assets are independent. She also rejected claims that she is acting as a benami or representative for her daughter.

Vijayamma asserted that the shares of Saraswati Power were transferred through a valid gift deed. She emphasized that the process was legal and backed by proper agreements. According to her, the arrangement was based on mutual understanding within the family. She maintained that the intent was always to ensure Sharmila’s rightful share.

She further explained that payments due to Classic Realty Private Limited were settled. Following this, a share purchase agreement was executed. Vijayamma stressed that these documents cannot be dismissed or questioned without valid grounds. She also pointed out that Jagan himself had transferred the shares earlier out of trust and affection.

The case is currently under review at the National Company Law Appellate Tribunal in Chennai. Vijayamma has challenged the earlier NCLT order that favored Jagan and Bharati. She argued that the ruling ignored key agreements and facts.

Sharmila has also filed a counter. She accused Jagan and others of dragging her name into the dispute for political reasons. She said the agreements were purely family arrangements and had no political angle.

Vijayamma concluded that the control of the company was handed over to her by the board after due process. She expressed confidence that the legal system will uphold the validity of the agreements and bring clarity to the dispute.