Family feud: Kirloskar Brothers Ltd withdraws 2022 Supreme Court appeal against Kirloskar Oil Engines Ltd

Kirloskar Brothers Ltd (KBL) withdrew its Supreme Court appeal concerning Kirloskar Oil Engines Ltd's (KOEL) non-disclosure of a 2009 family settlement. The conflict arose over the retrospective application of a 2015 regulation to the 2009 agreement. The court allowed KBL to submit a fresh complaint to SEBI, leaving all issues open for legal resolution.