Economy

Kirloskar brothers move NCLT as family feud widens: report

Updated : October 29, 2018 08:54 AM IST

The development comes as rift widens in the Kirloskar family that controls the 130-year-old Kirloskar Group, according to the report.

As per the report, the Mumbai bench will hear the case on December 17.

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.

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.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

Kirloskar brothers move NCLT as family feud widens: report

You May Also Like

Startup Street: 1bridge, a social tech enterprise that delivers products in villages

Off The Charts: Rs 1 lakh invested in this cement firm in 2001 would have grown to Rs 7.8 cr

Uday Kotak's term extended by 1 year as IL&FS chairman

Trending on CNBC-TV18

recommended for you