BENGALURU: The family feud between the two litigating family factions of Bengaluru’s most prominent jeweller, C Krishniah Chetty & Sons (

NCLAT orders mediation to end jeweller CKC feud

NCLAT orders mediation to end jeweller CKC feud

NCLAT orders mediation to end jeweller CKC feud

NCLAT orders mediation to end jeweller CKC feud

NCLAT orders mediation to end jeweller CKC feud
NCLAT orders mediation to end jeweller CKC feud
  • 2019-05-23 02:55:05 4 months ago
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  • By: retail.economictimes.indiatimes.com
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NCLAT orders mediation to end jeweller CKC feud BENGALURU: The family feud between the two litigating family factions of Bengaluru’s most prominent jeweller, C Krishniah Chetty & Sons (CKC & Sons), is headed for a mediated settlement, possibly ending the long-drawn legal tussle between the two sides.

The National Company Law Appellate Tribunal (NCLAT) in its order on Monday appointed retired Karnataka high court judge A V Chandrashekhar as mediator. All the disputes between the parties is being referred to the Bangalore Mediation Centre.

The next meeting on the developments related to the mediation process is on July 8. The latest move is a last-ditch effort to salvage the legacy of Bengaluru’s heritage brand whose master artists created masterpieces for the Maharaja of Mysore. The call for mediation follows a collapse in the binding separation agreement between the fifth-generation owners — managing director C Vinod Hayagriv and his cousin and joint managing director C Ganesh Narayan — of the150-year-old heritage jewellery brand.


The two parties want to end the deadlock having given their consent for mediation and to explore an amicable settlement. Valli Narayan, appellant and director in the C V Narayan Group (CVN Group), has moved NCLAT and put forth three suggestions to amicable settle the dispute that includes splitting the entire business and assets of CKC Group of companies between C Vinod Hayagriv Group (CVH) and CVN Group, equal shareholders in the CKC group.

When TOI reached out to Hayagriv, the company said he doesn’t wish to comment, while Narayan said he would not like to comment on the matter as it is sub-judice.

CKC Group is a heritage brand that operates 6 stores in the city.

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NCLAT orders mediation to end jeweller CKC feud