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Kirloskar family feud may prolong as group firm challenges Sebi order
The Morning Standard
|January 16, 2025
The decades-old feud in the Kirloskar family is set to take longer as Kirloskar Oil Engines (KOEL) has challenged the Sebi order asking it to disclose the details of the family settlement at the Securities Appellate Tribunal (SAT), which will begin hearing the case from January 16.
On December 30, 2024, KOEL was directed to disclose the details of the 2009 family settlement deed. And the company had moved the SAT on January 4 on the appellate tribunal. The dispute, rooted in allegations of selective compliance and corporate governance lapses, has intensified in recent times with regulatory interventions and legal battles, which so far has not reached any logical conclusion.
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