Mistry can't cry mismanagement after group valuation shot up, Tatas tell SC

Tata Sons counsel Harish Salve says all Tata companies are doing well, making money; Mistry must prove lack of probilty and impact on his rights while complaining

The valuation of the Mistry family's holding went up from Rs 69 crore in 1965 to Rs 58,000 crore in 2016 and yet it is complaining that its former Chairman, Ratan Tata, ran the company so badly that it should be wound up in 2016, argued Tata Sons counsel, Harish Salve.

During the hearing in the Supreme Court today, Salve said all Tata companies are doing well and are making money and Cyrus Mistry, former Chairman of Tata group and Tata’s successor, is making allegations of mismanagement. The Mistry family owns 18.4 per cent in Tata Sons and is embroiled