Ltd and Sterling Investments Pvt. Ltd—had moved NCLAT over maintainability of their petitions filed against the Tata group and waiver required for it under the Company Act 2013. Photo: Indranil Bhoumik/MintNew Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed pleas by two Cyrus Mistry firms seeking waiver in filing case of oppression and mismanagement against Tata Sons. The appellate tribunal has granted waiver in the filing criteria of having 10% shares of the company. Following that, both the investment firms had moved the appellate tribunal.

Source: Mint September 21, 2017 06:22 UTC