Gauri Kirloskar is the daughter of Atul Kirloskar who is the chairman of Kirloskar Oil Engines. She pursued higher education at the London School of Economics and Political Science.
The fight within the Kirloskar business family resembles the battle field in Kurukshetra, where independent battles between different key warriors on either side was simultaneously on show!
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.
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.
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.