An out-of-court settlement for division of the Bajaj empire appears unlikely anytime soon, with patriarch Rahul Bajaj accusing younger brother Shishir on Thursday of raising additional demands that cannot be met.
"From our side we are offering what they wanted earlier. Now they (Shishir's side) are asking for more, which we can't give them now," Bajaj told reporters here on the sidelines of ACMA annual convention in New Delhi.
His comments come days after the Company Law Board adjourned hearing on the family settlement case to October 22, asking the two warring factions to settle the issue amicably.
The two side have been trying hard to hammer out a mutual agreement, but have so far been unable to do so.
Bajaj, however, said he was trying hard from his side to