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 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.
TATA Group vs Cyrus Mistry in the Supreme Court – Higher Facts TATA Group Mistry case
“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 Shapoorji Pallonji’s party can be dismissed,”
the High Court ordered, according to a Bar & Bench.Cyrus Mistry report. However, Mistry was removed from the post on October 24, 2016 following a decision by a majority of the company’s board of directors. TATA Group Mistry case
UN Chandrasekaran was elected Executive Chairman of Tata Sons. TATA Group Mistry case
Things got worse and the case went to court. In December, 2019, NCLAT announced that this continued occurring on October 24,
2016 during a meeting of the Board of Sons of the Fathers leading to the removal of Mistry as illegal.
Both Tata Sons and Mistry had challenged the order. TATA Group Mistry case