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Bharat Forge head s nephew, niece move court for share in group assets : The Tribune India

Bharat Forge head s nephew, niece move court for share in group assets : The Tribune India
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Kalyani Family Dispute Takes Ugly Turn, Baba s Niece, Nephew Move To Court; Kalyani Group To Sue Them

The Kalyani Group plans to file a defamation suit against Sameer Hiremath and Pallavi Swadi, for maligning the image of Kalyani group chairman Baba Kalyani, according to the reports.

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Nephew and Niece Sue Baba Kalyani for Share in Family Assets: Report

Sameer Jai Hiremath and Pallavi Anish Swadi, the nephew and niece of industrialist Baba Kalyani, have filed a petition seeking their share in the Kalyani Hindu undivided family (HUF) properties, including stakes in various listed and private companies held under the Kalyani group, says a report.

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Family Feuds: Greed, Ego and Value Destruction for Minority Investors

The inability to share wealth and power amicably among siblings, and within families, is a universal problem. Globally, a quick transition from family-/individual-owned businesses to professional management and fear of shareholder lawsuits, especially by activist shareholders, have usually contained the problem.

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Kalyani-Hiremath legal battle sees new twist; Kalyani s brother could lead to Baba losing Rs 1300 crore worth stake

A new twist in the legal battle between Bharat Forge CMD Baba Kalyani and his sister Sugandha Hiremath for a stake in Hikal continues is Gaurishankar, who is required to transfer his 3% stake in Bharat Forge to Baba after their parent s demise. However, this would also mean Baba has to give up a 34% stake in Hikal to his sister.

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