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A COMMON FEATURE of family business is friction, to put it politely, between relatives. When the business is a multibillion-dollar concern and the feuds carry a whiff of scandal—think the Redstones at Paramount Global or the Bettencourts at L’Oréal—they spawn bestsellers or Netflix documentaries. India, where family firms generate an estimated 79% of GDP, has no shortage of similar drama. The latest could produce something rather less frivolous—better corporate governance.
The dispute in question involves Gautam Singhania, the classic-car-loving billionaire chairman
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