Kirloskar family firms challenge SEBI over disclosure of a 2009 settlement dividing business lines.
Kirloskar family-controlled companies are gearing up for a legal battle against the Securities and Exchange Board of India (SEBI) over a 2009 family settlement agreement. SEBI has directed the companies to disclose the agreement, which divides business lines among family members. The companies argue the agreement does not bind them and contest SEBI's directive, citing ongoing legal disputes over non-compete clauses.
3 months ago
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