The company has called an EGM on Dec 26, 2016, to consider the resolution for the removal of Mistry as its director
Mistry said there was a crying need to reclaim the glory of the Tata group
In a letter to shareholders, he said the company was unable to come up with new products in a very competitive Indian passenger vehicles market
Cyrus Mistry said, 'It is critical that serious decisions of severe magnitude and consequence are not taken whimsically'
Cyrus Mistry was sacked as chairman by the board of Tata Sons - the holding company of group firms - on October 24
Tata Sons board ousted Mistry on October 24 and appointed Ratan Tata as Interim Chairman
Mediapersons, including photographers, were not allowed near the shrine during the short visit of Mistry
Mistry was yesterday ousted as Chairman of the firm, the third Tata Group entity to do so
The TCS board will hold an extraordinary general meeting (EGM) on December 13 to oust Mistry as director
Nanda's firm replaced Niira Radia's Vaishnavi Corporate Communications in 2011 as the PR agency for the Tata Group
New Tata Global head said a resolution seeking removal of Mistry was brought in a fully legal manner
Says impairments and writedowns were due to legacy issues; rakes up Niira Radia's name
A statement from Mistry's office said 'Tatas continue to demonstrate the lack of respect for due process of law'
7 out of the 10 directors voted in favour of the resolution; Harish Bhat replaces him
Bhat, a Tata nominee, says company faces threat from Mistry
Mutual funds have an exposure of over Rs 20,000 cr in shares of various Tata companies
Tata Sons has 'unfortunately stooped' to a low level in their public statements with regard to independent directors, stated a letter from his office
Last week, the promoter company of the major operating Tata group firms had accused Mistry of betraying trust and trying to seek control of main operating companies of the over $100 bn group
The expert felt that it appeared that Cyrus Mistry lacked clarity of freedom to take decisions
The company's independent directors are likely to support him as chairman considering his performance over the last 4 years, says insiders