LATEST NEWS – The sparring match between Tata Sons and ousted chairman Cyrus Mistry is far from over as the latter has now decided to oppose the appointment of Natarajan Chandrasekaran as his successor.
According to a report published in The Economics Times, Mistry has shot off a letter to the Tata Group board challenging the legality of the appointment. He has termed the appointment ‘illegal’ as the matter was still sub-judice.
Mistry, who is still a director of Tata Sons, had not attended the meeting that appointed Chandrasekaran as its chairman.
“Unlike the October board meeting when the decision to sack Mistry was not mentioned in the board agenda circulated before, this time the members were aware of what to expect. Mistry is still a director of Tata Sons and the agenda papers were circulated to him as well. That prompted the mail from him,” an official told ET. READ MORE