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The Mumbai bench of the National Company Law Tribunal has allowed Kirloskar Industries Ltd – promoted by Atul Kirloskar and Rahul Kirloskar - to sell a part of their shares in Kirloskar Brothers Ltd – a company promoted by Sanjay Kirloskar. Brothers Atul Kirloskar and Rahul Kirloskar moved the tribunal alleging oppression of minority shareholders and mismanagement at Kirloskar Brothers.
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