In Big Win For Tata Sons, Supreme Court Backs Removal Of Cyrus Mistry

Friday, 26 March 2021Newsdesk

In a big win for Tata Sons, the Supreme Court today backed the removal of Cyrus Mistry as the chairman of the over $100 billion salt-to-software Tata Group in 2016 and set aside the company law tribunal order that had reinstated him.

New Delhi, 26 March 2021

As per news report of NDTV, a bench headed by Chief Justice SA Bobde said the decision to remove Cyrus Mistry was right. "All questions of law are in favour of Tata Group," said the judges. The National Company Law Appellate Tribunal (NCLAT) had on December 18, 2019, restored Mr Mistry as the executive chairman of the conglomerate. That order, challenged by the Tatas, has been scrapped.

Source - NDTV
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