LATEST NEWS – 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 2016.
He had continued on the board of the holding company of the $103 billion Tata Group. Tata Sons has called a shareholder meeting in Mumbai on February 6 to seek his removal as director.
“We are not going to grant any relief. We are dismissing the three appeals. We would pass a detailed order later,” said a bench headed by Justice SJ Mukhopadhyay. READ MORE