 "Baba Kalyani battles his brother over conflicting Wills, igniting a dramatic family feud over Kalyani Group’s vast assets.")
Baba Kalyani, Chairman of Bharat Forge, has refuted his brother Gaurishankar’s claims about a new Will from their late mother, calling it misinformation. This family feud involves a court dispute over the legitimacy of wills regarding the Kalyani Group’s assets, including Bharat Forge, valued at over Rs 74,000 crore. Gaurishankar has filed an affidavit contesting an earlier Will from 2012 and proposing a new Will from 2022, which is under judicial review. Baba insists these allegations are attempts to damage his reputation. The family has a history of legal battles over wealth, highlighting the complexities of inheritance disputes in prominent business families. The next court hearing is scheduled for September 23.
Baba Kalyani, the Chairman and Managing Director of Bharat Forge, has publicly denied his brother Gaurishankar’s claims about a second will left by their late mother, Sulochana Kalyani. Baba, who is known for his strong presence in the business world, described his brother’s allegations as part of a “misinformation campaign.” Gaurishankar, 70, works in a non-executive role at Kalyani Forge, while the company’s operations are run by his wife and son.
The dispute over the wills has escalated in recent weeks, with Gaurishankar contesting a previous will from 2012 and submitting a new will from 2022 that he claims is valid. Baba and their sister, Sugandha Hiremath, dispute this new will and assert that their mother died without a will. The matter is now subject to court evaluation, with important hearings scheduled for later this month.
In a statement, Baba voiced his concern over the attempts to damage his reputation and expressed confidence that the truth surrounding the wills would come to light. This ongoing family feud surrounds significant assets, including their stakes in Bharat Forge, a major player in the engineering sector valued at over Rs 74,500 crore.
The conflict isn’t new; a similar situation arose in 2015 when Gaurishankar’s daughter sought a claim to family wealth in court. As the legal battles continue, the Kalyani family’s internal discord raises questions about the future of one of India’s leading industrial groups.
Last Updated: Sep 16 2024 | 10:53 PM IST
Tags: Baba Kalyani, Gaurishankar Kalyani, Bharat Forge, Kalyani Group, family dispute, inheritance, Pune news
- What is the conflict between Baba Kalyani and Gaurishankar?
The conflict is about a power struggle between the Kalyani siblings over the family business and its direction.
- Why is this battle significant for the company?
This battle is significant because it could change the future of the company and affect its operations and success.
- Are there any legal actions involved in this conflict?
Yes, there are reports of legal actions as both sides are trying to protect their interests in the company.
- How are the employees reacting to this situation?
Employees are likely feeling uncertain and anxious about the company’s future as they watch the siblings fight.
- What could be the possible outcomes of this battle?
Possible outcomes include a division of the company, a change in management, or even a reconciliation between the siblings.
