NCLAT order a victory of good governance & vindication of my stand: Mistry

Mistry said the judgment is not a personal victory for him, but is a victory for the principles of good governance and minority shareholder rights

Former chairman of the Tata Group, Cyrus Mistry on Wednesday hailed the National Company Law Appellate Tribunal (NCLAT) order as the victory of good governance and minority shareholders’ rights.

The 51-year-old Mistry, who was ousted unceremoniously from Bombay House, fought the battle with the Tata Group on his own.

He always said that he wants the family’s honour to be restored. 

The Mistry family owns 18.5 per cent stake in Tata Sons while Tata Trusts and Tata Group companies own the remaining shares in Tata Sons.

In a statement after the NCLAT order, Mistry said the judgment is not a personal victory for him,