Overview

• Mohini Mohan Dutta, a close confidant of Ratan Tata, has formally agreed to the terms of the late industrialist's will, securing his ₹588 crore inheritance.
• This acceptance resolves the sole objection in the probate process, allowing the executors—Tata's half-sisters Shireen and Deanna Jejeebhoy—to finalize legal validation in the Bombay High Court.
• The residual estate, valued at ₹3,900 crore, is divided with one-third allocated to Dutta and two-thirds to Tata's half-sisters, who also serve as the will's executors.
• A no-contest clause in the will prevented Dutta from legally challenging the terms, as disputing the will would have risked forfeiting his inheritance.
• Under Indian tax law, Dutta will not owe estate tax on his inheritance, and all assets remain under the control of the executors until probate is granted.