Bharat Forge's Kalyani group threatens to sue Hiremaths

livemint.com:

Mint's queries. “A legal notice to this effect has been issued to the relevant parties." Queries sent to the Hiremaths remained unanswered till press time.

The latest notice from the Kalyani Group comes on the back of the Hiremaths making a court filing on 22 July, where they called the family asset dealings of Baba Kalyani “authoritarian and opaque". While demanding a partition of wealth, the Hiremath siblings denied Baba Kalyani’s earlier claims that he has built industries and companies with his own personal investments.

The rejoinder stated that Baba Kalyani’s refusal to part with family wealth on arguments of an absence of common male ancestor is a “classic example of the fact that even when the law has been amended to confer rights on women, it is the mindset of the society which cannot accept such rights of the daughters and their children and still deprives them of their rightful share in the property". The Kalyani family, led by Baba Kalyani, and the Hiremath family began fighting over ownership of shares in Hiremath-promoted pharmaceuticals firm Hikal Ltd.

The dispute began last year after Baba Kalyani refused to transfer Hikal shares, worth over ₹1,300 crore, in Sugandha's name. The Hiremath's have since expanded the dispute by including assets of Kalyani Group companies including Bharat Forge, Kalyani Steel, BF Investments, BF Utilities, Kalyani Investments, and Automotive Axles.

The dispute worsened after Sameer and Pallavi, in March, demanded their share of wealth in Kalyani Group through a petition against Kalyani, his son Amit Kalyani, brother Gaurishankar Kalyani, Gaurishankar's children Sheetal Kalyani and Viraj Kalyani, and their mother Sugandha Hiremath in the Pune court. Sameer and Pallavi have also