In a major release of the TATA party, the Supreme Court today set aside the National Company Law Appellate Tribunal (NCLAT) order of December 18, 2019 reinstating Cyrus Mistry as the executive chairman of the Tata Group. Approving Tata Sons’ appeal against the NCLAT decision, a high court bench comprising India’s Chief Justice SA Bobde, Judge AS Bopanna and Judge V Ramasubramanian on Friday dismissed appeals filed by Shapoorji Pallonji’s party and Cyrus Investments.
“We find that all legal questions have a responsibility to be answered in favor of the applicants, Tata Group and the complaint file made by Tata Group can be approved and the Shapoorji Pallonji party can be dismissed,” the Supreme Court ordered as a Bar & Bench report.
“The National Company Law Appellate Tribunal (NCLAT) order has been set aside for December 18, 2019,” Bench said.
Cyrus Mistry was elected Chairman of Tata Sons, in December 2012. However, Mistry was removed from the post on October 24, 2016 following a decision by a majority of the company’s board of directors. UN Chandrasekaran was elected Executive Chairman of Tata Sons. Things got worse and the matter came to an end in court. In December, 2019, NCLAT announced that this continued to take place on October 24, 2016 during a meeting of the Sons of the Fathers Board that led to the removal of Mistry as illegal. Both Tata Sons and Mistry had challenged the order.
On January 10 the high court granted assistance to Tata’s party by complying with the NCLAT order Mistry was reinstated as chairman of the organization.