NCLT overrules Cyrus Mistry in Tata boardroom battle, says he lost trust

Cyrus Mistry was removed because the Tata Sons board and majority of its members lost confidence in him, the NCLT said

The National Company Law Tribunal (NCLT) dismissed on Monday Cyrus Mistry’s plea challenging his ouster as the chairman of the Tata Sons group, news agencies and TV channels reported.

The quasi-judicial body for corporate grievances also said it was not accepting Mistry's contentions that his removal was due to the result of mismanagement by the board and oppression of minority shareholders of the group, according to the reports. 

Mistry was removed because the Tata Sons board and majority of its members lost confidence in him after he sent out certain crucial information about the company to the I-T department, leaked