AirAsia case: Tatas feel the heat from Cyrus Mistry's hot spots

The matter assumes significance as NCLT is set to give a date of judgement on June 12 on a plea filed by Mistry on his removal by the Tata Sons board.

The Central Bureau of Investigation (CBI) lens on R Venkataramanan, managing trustee of Tata Trusts and director in AirAsia India board, along with AirAsia global chief Tony Fernandes, has put the spotlight again on the allegations made by former Tata Sons chairman Cyrus Mistry in his exit letter to the board in October 2016. Mistry had pointed at corporate governance lapses at AirAsia India, a joint venture between the Tatas and Malaysian airline AirAsia Bhd. 

The matter assumes significance as the National Company Law Tribunal (NCLT) is set to give a date of  judgement on  June 12 on a plea