Bajaj factions seek a day more to settle dispute

The legal feud between the Bajaj brothers "" Rahul and Shishir "" over division of the group seems to be heading for an out-of-court settlement as both the sides today sought another day from the Company Law Board (CLB) to hammer out a deal.

During the proceedings at the CLB, counsels representing both the Bajaj scions today again requested the board to adjourn their matter for a day to settle it. "Both the sides are trying ... and we are continuing the process to settle the matter," senior counsel and former Attorney General Ashok Desai said, representing Rahul Bajaj.

Accepting the request, CLB Chairman S Balasubramanian adjourned the hearing of the four-year-old case to tomorrow.

Tomorrow, both the sides are expected to report before the CLB about the outcome of their meeting convened yesterday.