The National Corporate Law Tribunal (NCLT) is set to hear in early January a petition opposing plans to make Tata Sons a private company. The petition has been filed by ex-chairman Cyrus Mistry.
Mistry and Ratan Tata, chairman of Tata Trusts, differed over fundraising plans of Tata Sons just before the infamous spat between the duo erupted in October last year, documents filed before NCLT show. There were differences over plans to take Tata Sons private this year as well.
In June 2016, Tata rejected a proposal by Mistry, then Tata Sons chairman, to issue bonus shares to Tata Sons shareholders, saying