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"There is no ground to amend judgement dated December 18, 2019," said NCLAT
Tata's petition will be mentioned before the chief justice of India on Monday who will decide on the hearing date and bench
But says he will protect minority shareholders' rights
RoC counsel told the Tribunal that they were merely following orders of the NCLT
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
The hearing of Registrar of Companies' plea, seeking modifications in National Company Law Appellate Tribunal's (NCLAT) judgement in which Cyrus Mistry was reinstated as the executive chairman of Tata Sons, has been adjourned till Friday. A two-member bench headed by Chairman Justice S J Mukhopadhaya asked the Ministry of Corporate Affairs to submit details of the definition of private and public companies under the rules of the Companies Act. The bench has also asked for clarification on the paid up capital requirement for the same. Meanwhile, the counsel appearing for Tata Sons informed the appellate tribunal that the company has moved the Supreme Court against its order passed on December 18. However, the petition is yet to be listed, the counsel added. In its plea, the Registrar of Companies (RoC), which functions under the Ministry of Corporate Affairs, has also sought to be impleaded as a party in the two petitions and deletion of the words "illegal" and "with the help of th
Cyrus Investments said the resolution proposed by Tata Sons was not in the best interests of the public shareholders of the company
Appellate tribunal sends case back to Mumbai bench of NCLT for hearing on merits
NCLT also imposed a cost of Rs 10 lakh on Mistry's two investment firms, which would be shared by both
It was all over in minutes, no explanations and no opportunity for Cyrus Mistry to prepare a rebuttal: Nirmalya Kumar
Hearing to continue tomorrow
This was one among five prayers to the judge by Cyrus Mistry family firms' counsel Aryama Sundaram
The two sides have been locked in a bitter legal dispute since December 2016
Mistry's petition challenged his dismissal as chairman of the business conglomerate, and also highlighted alleged operational mismanagement
Two months after Mistry was ousted as Tata Sons Chairman in October 2016, he and his family-run investment firm, Cyrus Investments, moved to the NCLT
NCLT added that the board is competent to remove its chairman and it does not require a selection committee
On Monday, the NCLT Mumbai bench rejected Mistry's petitions
According to the NCLT Mumbai bench order dated July 9th, Ratan Tata asked Mistry to consider a proposal by Ola which wanted to buy 150,000 cars
Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016