Major shareholders hiring law firms indicate the possibility of the dispute reaching the tribunal, said regulatory experts. The most recent high profile shareholder dispute to reach NCLT was of the Tata group when former chairman of Tata Sons Cyrus Mistry moved the tribunal in 2016 after he was removed abruptly from Tata Sons. "Hiring of law firms imply there is a possible dispute which may end up in NCLT. Ultimately, the NCLT may decide on whether one shareholder can buyout the stake of the other," said Pavan Kumar Vijay, founder of advisory firm Corporate Professionals. The charge that shareholders usually make while moving NCLT against another shareholder is that the company is being run in a way prejudicial to their interests.

Source: Mint May 16, 2019 05:48 UTC