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Sunday, 5 February 2017

Mistry’s petition against Tata Sons EGM rejected

New Delhi:

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday quashed a set of petitions filed by ousted Tata Sons chairman Cyrus Mistry against the shareholder meeting called by the Tata Group holding company on Monday to seek his removal. The NCLAT did not give any immediate relief to Mistry, who was abruptly ousted as the chairman of Tata Sons in October last year. “We are not going to grant any relief. We are dismissing three appeals. We would pass a detailed order later,” the tribunal said. PTI


The National Company Law Appellate Tribunal (NCLAT) on Friday quashed a set of petitions filed by ousted Tata Sons chairman Cyrus Mistry against the shareholder meeting called by the Tata Group holding company on Monday to seek his removal. The NCLAT did not give any immediate relief to Mistry, who was abruptly ousted as the chairman of Tata Sons in October last year. “We are not going to grant any relief. We are dismissing three appeals. We would pass a detailed order later,” the tribunal said. 

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