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Can biz family trusts ensure smooth succession? Answer lies with Tolstoy

As business families grow larger with the addition of sons and daughters and sons-in-law and daughters-in-law, they drift away and live in their own separate houses

Topics
family business | succession | KK Modi

Suveen Sinha  |  New Delhi 

succession planning, India Inc
The wor­ld is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will

Last week, the Supreme Court appointed two retired judges as mediators between Lalit Modi and his mother, Bina. Lalit, son of indu­strialist K K Modi, is better kno­wn as the man behind the Indian Premier League of cricket. He and his mother have been at loggerheads since Modi Sen­ior’s death in November 2019.

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First Published: Thu, December 23 2021. 06:03 IST
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