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Stocks To Watch: LTTS, Infosys, HCLTech, Paytm, Jio Financial Service

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NCLT allows Kirloskar Industries to sell shares of Kirloskar Brothers

The tribunal also came down heavily on both sections of family for the stalemate and expressed concerns over the impact of such family feud on thousands of public investors.

Rahul kirloskarSanjay kirloskarKirloskar industriesNational company law tribunalAtul kirloskar

NCLT order reinforces allegations of mismanagement of Kirloskar Brothers: Kirloskar Industries

The order confirms that a case of oppression and mismanagement under Section 241 and 242 of the Companies Act has been made out by KIL and others petitioners, against KBL, its Board of Directors and Pratima Kirloskar (wife of Sanjay Kirloskar), the statement added.

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No restriction on Kirloskar Industries selling shares in Kirloskar Brothers, rules NCLT

The tribunal agreed that petitioners Kirloskar Industries has been able to make out a case of oppression and mismanagement at Kirloskar Brothers. Asks co to first make an offer for sale to Sanjay Kirloskar and kin.

Rahul kirloskarSanjay kirloskarKirloskar industriesAtul kirloskarPress gazette

Kirloskar Family Feud: NCLT Confirms Mismanagement Allegations

Kirloskar Family Feud: NCLT Confirms Mismanagement Allegations
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