Lawstreet Journal

Kirloskar Feud: Supreme Court Directs Status Quo on Civil Suit, Bombay High Court Order

Lawstreet Journal 2 Aug 2021 4:33pm

Image courtesy: Lawstreet Journal Judiciary Kirloskar Feud: Supreme Court Directs Status Quo on Civil Suit, Bombay High Court Order

On Tuesday (27, July, 2021), the Supreme Court ordered a stay of proceedings in the Kirloskar Brothers Ltd family feud over assets, in which KBL's CMD Sanjay Kirloskar had challenged the Bombay High Court's order directing arbitration in the case.

The Supreme Court's decision will apply to the proceedings in the Pune civil court on KBL seeking damages for breach of the family deed.

A bench comprised of Chief Justice N V Ramana and Justice Surya Kant issued notice on Sanjay Kirloskar's appeal and asked the parties to file responses within six weeks, asking them to explore the possibility of mediation.

The Supreme Court directed the Kirloskar brothers, Sanjay and Atul, and others to seek mediation to resolve the family dispute over the assets.

"We both (judges) believe it is one of the well-known families and businesses. We believe that resolving the issues through mediation or arbitration is better for the company, "according to the bench.

"You continue to litigate in civil courts, you know. I'm not going to make any comments about the system. All of the lawyers can sit down and work out a solution, and if you need some outside help, we can appoint a retired judge. Why do you want to fight this lawsuit if you don't have to? You have the option of a different resolution. There must be some common family members who can mediate , " the bench added.

The feud over the deed of family settlement relates to the assets of… Continue Reading...

Tagged: Kirloskar   Bombay High Court  
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