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'Kirloskars must abide by family settlement'
May 24, 2024
|Business Standard
The National Company Law Tribunal's (NCLT's) Mumbai Bench has directed the Kirloskar brothers and their entities to adhere to the family settlement agreement signed in September 2009.
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The tribunal stated that if Kirloskar Industries Limited (KIL), chaired by Atul Kirloskar, wishes to sell shares of Kirloskar Brothers Limited (KBL), they must first offer them to KBL Chairman and Managing Director Sanjay Kirloskar.
The Kirloskar family is embroiled in a legal battle over group assets, with Sanjay on one side, and his brothers, Atul and Rahul, on the other. The three are sons Chandrakant Kirloskar and grandsons of renowned industrialist S L Kirloskar.
هذه القصة من طبعة May 24, 2024 من Business Standard.
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