What now for the Tatas: That question kept analysts, lawyers and industry watchers busy ever since the National Company Law Appellate Tribunal (NCLAT) delivered the surprising verdict on Wednesday afternoon, restoring Cyrus Mistry as executive chairman of Tata Sons, three years after he was sacked unceremoniously.
Besides loss of face for Tata Trusts and its chairman Ratan Tata, who had moved the resolution to remove Mistry in October 2016, there’s a question mark on the group’s business decisions and contracts undertaken during the past three years.
Even as Tata Sons Chairman N Chandrasekaran (Chandra) reached out to the employees of