Negotiations between Bajaj brothers fail

Written by Agencies | New Delhi, August 31: | Updated: Aug 31 2007, 16:56pm hrs
Leading industrialist Rahul Bajaj failed to come at a settlement with his brother Shishir Bajaj on the division of the empire with the time allotted by the Company Law Board.

The brothers on Friday sought some more time from the principal bench of CLB.

Counsels representing Rahul and Shishir today informed the bench that the two brothers have not been able to arrive at an out-of-court settlement, however, adding that they would carry on negotiations to settle the matter.

Accepting it, the CLB chairman S Balasubramanian adjourned the matter to the third week of October.