A comprehensive win for the Tatas

They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance

Corporate Governance, disputes, courts, judiciary

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Illustration: Binay Sinha

T T Ram Mohan

6 min read Last Updated : Apr 08 2021 | 11:40 PM IST

In October 2016, Cyrus Mistry was removed as executive chairman of Tata Sons, the holding company of the Tata group. A huge controversy erupted thereafter.

Mr Mistry claimed that he was removed because he was trying to set right many things that were wrong with the Tata group, including questionable business decisions and transactions of the past. He said his removal as executive chairman without any notice and without any explanation was illegal.

Mr Mistry moved the National Company Law Tribunal (NCLT) in the matter. In July 2018, the NCLT dismissed his petition. He then moved the NCLT Appellate Tribunal (NCLAT) against

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Tata vs Mistry Tata group Ratan Tata Tata Sons Cyrus Mistry Shapoorji Pallonji group Supreme Court Indian companies NCLT NCLAT corporate governance

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