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A Probate caveat is a type of document that is lodged with the Supreme Court that prevents a grant of Probate or Letters of Administration from being granted. A caveat cannot be lodged after a grant of Probate has been made and if it has, it will serve no purpose.
It can be used to challenge the validity of a Will in instances where there may be doubt about the execution of the Will. It can also be used whether there are concerns about an executor or administrator s ability to carry out the wishes of the deceased person or concerns as to whether they are the most appropriate person to fulfil that role.
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After executing the memorandum of family arrangement (MFA) in December, members of the $8.5-billion TVS group have decided to implement the family arrangement, inter alia, through a composite scheme of amalgamation and arrangement to be filed with the National Company Law Tribunal (NCLT). On December 10, 2020, an MFA was executed among various members of the TVS family who are shareholders of T V Sundram Iyengar & Sons (TVSS), Sundaram Industries (SIPL) and Southern Roadways (SRW). The three firms are collectively referred to as the TVS holding companies. According to sources in the group, pursuant to the MFA, senior members of the TVS family were nominated to deliberate on the implementation of the family arrangement.