Family feud takes Gati to NCLT; transfer of management a sticking point

On December 5, Allcargo announced it was buying a controlling stake in Gati for Rs 416 crore


Dasarath Reddy Hyderabad
The rift within the family running Hyderabad-based logistics company Gati would have stayed under wraps had the firm not decided to cede management control to Allcargo Logistics in a deal.

The prime mover of the agreement is Managing Director (MD) and Chief Executive Officer (CEO) Mahendra Agarwal while his wife, Neera Agarwal, and their two sons are opposed to it.

If the Securities and Exchange Board of India (Sebi) and the National Company Law Tribunal (NCLT) act on the petitions filed by the wife and the sons, the case will have reverberations across the corporate world.

First Published: Jan 18 2020 | 11:03 PM IST

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