Page 8 - Cyrus Mistry

NCLAT upholds its judgment in Tata-Mistry case, dismisses RoC plea

In its order dated December 18, the NCLAT had said Tata Sons had hurriedly changed its status to private company from public 'with the help of the Registrar of Companies'

Tata Sons doesn't mention plea in SC against NCLAT decision on Cyrus Mistry

A lawyer associated with the matter had said earlier that the appeal against the NCALT decision would be mentioned for early listing on reopening of the apex court after the winter break

Not interested in getting back to Tata group as chairman: Cyrus Mistry

But says he will protect minority shareholders' rights

Nature of Tata Sons' partnership lies at the heart of Tata-Mistry drama

Ratan Tata does not think Tata Sons is 'quasi-partnership'; Cyrus Mistry does. The SC will have to sort out the vexed issue

NCLAT won't change its judgment in Tata Sons case; will clarify RoC's role

RoC counsel told the Tribunal that they were merely following orders of the NCLT

Twist in corporate drama: Tata's financial shape worse than in FY15, FY19

The analysis is based on the annual audited consolidated finances of all listed Tata Group firms for the respective financial years

Top headlines: US attack on Soleimani to hit India, Tata moves SC, and more

Ratan Tata has also filed a petition in the Supreme Court appealing it to set aside the NCLAT order which restored former Tata group chairman, Cyrus Mistry as Executive Chairman

Cyrus Mistry actions hurt Tata group interests, Tata Sons tells SC

In restoring Cyrus Mistry, NCLAT failed to consider the implications of the order, Tata Sons said in their appeal

Cyrus Mistry case: Tata Trusts nominees did not exceed their brief, SC told

The Tata Trusts holds 66 per cent stake in Tata Sons - the holding company of Tata Group companies - and Ratan Tata is the chairman of the Trusts

Setback for the Tatas

NCLAT judgment raises several questions

Cyrus Mistry unlikely to take up a board position, may appoint nominees

Mistry and his team are reviewing the legal situation

Tata Sons move SC, challenges NCLAT order restoring Mistry as chairman

Tata Sons on Thursday moved the Supreme Court challenging the December 18 decision of the NCLAT restoring Cyrus Mistry as the executive chairman of the group. The Tata Group sought stay of the verdict by which the National Company Law Appellate Tribunal (NCLAT) ruled as "illegal" the appointment of N Chandrasekaran as head of the holding company of over USD 110 billion salt-to-software conglomerate. "We have challenged the NCLAT decision in its entirety," a lawyer associated with the matter said. The petition has sought a direction from the apex court to set aside or quash the findings of the tribunal which held that the group's chairman emeritus Ratan Tata's actions against Mistry were oppressive. The NCLAT had stayed the operation of the judgement with respect to reinstatement of Mistry for four weeks to allow the Tatas to appeal. The NCLAT had also quashed the conversion of Tata Sons into a private company from a public firm. It also directed Tata Sons not to take any action

Top headlines: Big win for Cyrus Mistry, Infosys fined $800k for tax fraud

A two-member NCLAT Bench headed by chairperson Justice S J Mukhopadhaya pronounced its judgement over the petitions moved by Mistry and two investment firms challenging his removal from the group

Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons

While restoring Mistry to the position, the National Company Law Appellate Tribunal held that the appointment of N Chandrasekaran as executive chairman was illegal

Tata vs Mistry: NCLAT order to reinstate Mistry may pave way for settlement

After Mistry's ouster, Tata Sons also inducted former Hindustan Unilever head, Harish Manwani and Saurabh Agarwal as directors

NCLAT ruling on Mistry: Order raises questions on corporate governance

Ratan Tata will have to take a backseat, considering the strictures passed by the NCLAT

Mistry as Tata Sons chairman: Cloud over key decisions, board appointments

If all those decisions are null and void, the group's business will be in a mess, an official pointed out.

Best of BS Opinion: Budget 2020 expectations, setback for Tatas, and more

Business Standard brings to you best of BS Opinion for the day

Tatas plan to move SC vacation bench for early stay against NCLAT order

The government too is getting active on the latest development in Corporate India

Cyrus reinstated: Tata Group stocks to remain under pressure, say analysts

The decision came at the fag-end of the trading session and saw most Tata group stocks react to the development