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Tuesday, July 27, 2021

Kirloskar feud: Supreme Court calls for resolution through mediation

The Supreme Court Tuesday ordered status quo in the Kirloskar Brothers Ltd family feud related to assets wherein KBL's CMD Sanjay Kirloskar has challenged the Bombay High Court order directing arbitration in the case. The apex court's status quo will also extend to the proceedings in the Pune civil court on KBL seeking damages for violation of the family deed. Asking the parties involved in the case to explore the possibility of mediation, a bench comprising Chief Justice N V Ramana and Justice Surya Kant issued notice on the appeal by Sanjay Kirloskar and asked them to file replies within six weeks. The top court asked Kirloskar brothers - Sanjay and Atul with others to explore mediation to resolve the family dispute relating to the assets. "We both (judges) feel it is one of the reputed families and company. We feel the issues are sorted out by mediation or arbitration which is better in the interest of the company," the bench said. "You go on litigating in the civil courts, you

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