Hardik Pandya and Natasa Stankovic confirm their divorce. Indian cricketer Hardik Pandya and his wife Natasa Stankovic have been making headlines for a long time for their divorce rumors. However, things were unclear as neither party had issued official statements. Their recent announcement to part ways finally ends the months of speculation about their relationship status.
Pandya and Stankovic tied the knot on May 31, 2020, and became parents to their first child, Agastya the same year on July 30. On February 14, 2023, the couple renewed their wedding vows in the presence of close friends and family in Udaipur with a grand celebration.
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Hardik and Natasa have chosen to separate taking into account their best interests. Both have mentioned the mutual respect and happiness they shared and their commitment to co-parenting their son, Agastya after the divorce.
Hardik and Natasa Stankovic confirmed their separation on Instagram
Hardik posted on Instagram sharing an official statement on the divorce confirmation. He penned an emotional post where he mentioned that he and his wife have decided to end their marriage after four years of togetherness. He wrote,
“After 4 years of being together, Natasa and I have decided to mutually part ways. We tried our best together and gave it our all, and we believe this is in the best interest for the both of us. This was a tough decision for us to make, given the joy, mutual respect and companionship we enjoyed together and as we grew a family. We are blessed with Agastya, who will continue to be at the centre of both our lives and we will co-parent to ensure that we give him everything that we can for his happiness. We sincerely request your support and understanding to give us the privacy during this difficult and sensitive time.”
Here is the post:
Divorce can be complicated and emotionally demanding, especially in India. It also requires a clear and thorough understanding of legal rights and entitlements. During this difficult time, both parties must be aware of their legal rights and claims. Women should have proper knowledge of aspects such as alimony and property division.
A proper understanding of the process can make it less hassle-free and smoother. One can also confirm that their rights are fully protected.
What are the Property Rights in Divorce as per Indian Laws?
When the property is solely in the husband’s name and funded by him
In this scenario, it is deemed his self-acquired property. Yet, in the event of separation, the wife can claim maintenance as she is deemed a class I legal heir.
If both the husband and wife have jointly paid for and own a property
In this case, the wife can claim her share from the husband’s property in addition to her 50% share. She also retains the right to live in the property until the divorce is finalized.
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If the wife has financially contributed to a property registered in the husband’s name, she has to provide proof of her contributions to claim a stake.
Properties purchased by the wife with her own funds are entirely hers
She has full autonomy to sell, retain, or gift these properties.
Maintenance Rights during a Legal Separation
A woman can claim maintenance under Section 125 of the Indian Penal Code for herself and her children which includes:
Interim Maintenance: The amount to be paid by the husband from the date of filing for maintenance until the court’s decision.
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Permanent Maintenance: Provided under Section 25 of the Hindu Adoption and Maintenance Act 1956, either as a lump sum or monthly payment fixed by the court.
Alimony rights in India
In India, alimony right is driven by several laws, including the Hindu Marriage Act and the Special Marriage Act. Various factors are considered by the court like the couple’s standard of living, the duration of the marriage, and the needs of the children they have, to determine alimony.
If there’s a substantial income disparity between the spouses, a working woman might also receive alimony. Piyush Tiwari, Associate at TAS Law mentions,
“The goal is to ensure neither spouse faces financial difficulties after the separation”
During divorce safeguarding assets involves meticulous planning
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This includes,
- Maintaining separate bank accounts
- Keeping detailed records of pre-marriage assets
- Creating trusts can help distinguish personal wealth from marital property
Additionally, prenuptial agreements can be a powerful means if both partners agree to it before marriage though it is not common or always enforceable in India.
Additionally, The Hindu Succession Act and the Hindu Marriage Act provide legal avenues for women to reclaim their Streedhan from in-laws if necessary. This covers jewelry, shares, bonds, and other valuables. They can seek relief under Section 14 of the Hindu Succession Act 1956 and Section 27 of the Hindu Marriage Act 1955.
How much of the Assets does Hardik have to lose?
- Hardik Pandya has an impressive net worth, owns several luxurious properties, and has a fleet of high-end cars. Here is an estimate of how much of Hardik Pandya’s wealth, and assets is potentially at risk.
- As per reports, Hardik Pandya’s net worth in 2024 is estimated to be around INR 91 crore (approximately $11 million). There is a substantial rise in his monthly income from his earlier earnings of INR 25 lakhs to INR 1.2 crore.
- Hardik also earns from Endorsements and Investments and has impressive brand value after the T20 World Cup. Pandya’s endorsement portfolio includes several high-profile brands like BoAt, Gillette, Oppo, Dream11, and many more.
- Hardik is the owner of luxurious residences and has an impressive real estate portfolio. In Vadodara, he has a lavish 6000-square-foot penthouse co-owned with his brother Krunal Pandya valued at approximately INR 3.6 crore. They also own a luxurious INR 30 crore residence in the upscale Bandra Khar area, Mumbai.
- His Luxury Car Collection includes the Audi A6, Lamborghini Huracan EVO, Range Rover Vogue, Jeep Compass, and many more worth crores.
Well, it seems that Hardik has to go through a turbulent financial phase. What are your views on this matter? Let us know in the comments.
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