Family settlement deed at the heart of Kirloskar dispute2 min read 19 Oct 2020, 09:30 PM IST
The current debate is whether the DFS signed by the brothers is binding or impacts public listed companies and whether it needs to be disclosed to stock exchanges
Mumbai: The Kiloskar family along with their two listed businesses have now been engaged in a legal battle for over two years and at the heart of the dispute is a ‘deed of family settlement’ or DFS signed in 2009. Ironically DFS is a tool used by family owned businesses to address differences in respect of ownership and management of the said businesses. It typically pertains to personal properties, shares and stakes.
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