New Delhi: Ousted chairperson of Tata Sons Ltd, Cyrus Mistry on Thursday moved the National Company Law Appellate Tribunal (NCLAT) against a 6 February shareholder meeting. Mistry moved against the decision of the National Company Law Tribunal’s Mumbai bench, which permitted Tata Sons to hold its shareholder meeting on 6 February. Mistry, in January, moved the NCLT seeking to restrain Tata Sons Ltd from holding the shareholders meeting to remove him as a director of the board. Also Read: Tata Sons-Cyrus Mistry spat: What the affidavits sayThe holding company for the Tata group moved to do so after being requisition by four Tata trusts. Ltd and Sterling Investment Corp Ltd, which together hold around 18.5% of ordinary share capital in Tata Sons, filed a contempt of court petition at the NCLT to stop the meeting.

Source: Mint February 02, 2017 08:33 UTC