Rahul tried to oust me from group, says Shishir Bajaj

Shishir Bajaj, Bajaj Auto Chairman Rahul Bajaj's younger brother, fighting for the division of the empire, today said the family patriarch tried to oust him from the chair of a group holding company.

During a proceeding before the Company Law Board (CLB), Shishir's counsel, Rafeeq Dada, alleged that Rahul tried to oust his younger sibling from the chairmanship of Bajaj Sevashram and management of Bajaj Hindusthan.

He said that once Shishir's cousin Shekhar also tried to remove him from the chairmanship of Bajaj Sevashram, which has shares in all major companies including Bajaj Auto.

"He even once mooted the proposal to remove him (Shishir) from the chairmanship in a board of directors (BoD) meeting in collusion with some people. This was not even on the agenda of the board," Dada said.

At least seven days prior notice has to be given for such a proposal according to the Bajaj family tradition, he said.

Shishir's counsel also submitted that some times two versions of the board minutes were recorded.

Today, Dada continued to read the correspondence between the two sides and chronology of events after 1994, when the dispute arose.

The contention was objected by Rahul's counsel and former attorney general Ashok Desai.

He said as CLB is yet to decide on the "maintainability" of Shishir's petition, no chronology should be put on record after 2003, when the suit was filed.