homelegal NewsKirloskar brothers move NCLT as family feud widens: report

Kirloskar brothers move NCLT as family feud widens: report

Kirloskar brothers move NCLT as family feud widens: report
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By CNBC-TV18 Oct 29, 2018 8:54:21 AM IST (Updated)

Rahul Kirloskar and Atul Kirloskar have approached the Mumbai bench of the National Company Law Tribunal (NCLT) demanding the removal of brother Sanjay Kirloskar as chairman and managing director of Kirloskar Brothers Ltd, reported Mint.

Rahul Kirloskar and Atul Kirloskar have approached the Mumbai bench of the National Company Law Tribunal (NCLT) demanding the removal of brother Sanjay Kirloskar as chairman and managing director of Kirloskar Brothers Ltd, reported Mint.

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The development comes as rift widens in the Kirloskar family that controls the 130-year-old Kirloskar Group, according to the report.
Rahul and Atul kirloskar, who have raised allegations of oppression and mismanagement in the group’s flagship company, have also requested the removal of current board members of the company and appointment of their own nominees on the board, the report said.
As per the report, the Mumbai bench will hear the case on December 17.
 
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