HC lets Kalyani’s nephew, niece amend lawsuit
The Bombay High Court allowed Sugandha Hiremath’s children to amend their lawsuit against Baba Kalyani regarding voting rights on shares.Summary
The Bombay High Court permitted Sugandha Hiremath’s children, Sameer Hiremath and Pallavi Swadi, to amend their lawsuit against their uncle, Baba Kalyani, chairman of Bharat Forge. The amendment allows them to seek a restraint on voting rights associated with shares of Kalyani Group companies acquired using funds from the Kalyani Hindu Undivided Family (HUF). They also requested the appointment of an administrator to oversee the voting rights of these shares, protecting their interests. While the court overturned a previous ruling by a Pune court, it did not grant the Hiremaths immediate voting rights or administrative control. The core of the dispute revolves around the Hiremaths’ claim that assets of the Kalyani Group originated from and belong to the Kalyani HUF, not solely to individual family members. A Kalyani Group spokesperson stated the order is procedural and does not grant any substantive relief regarding voting rights or property.
(Source：The Times Of India)