The tribunal had allowed Tata Sons four weeks to move the Supreme Court before the implementation of its direction. The NCLAT had also quashed the conversion of Tata Sons into a private company from a public firm. Mr. Mistry, a member of the Shapoorji Pallonji family, in December 2012 succeeded Ratan Tata as the executive chairman of Tata Sons. Mr. Mistry had contended that he was removed because of his “efforts to remedy past acts of mismanagement”. NCLT that they are not seeking reinstatement of Mr. Cyrus Mistry.

Source: The Hindu January 02, 2020 06:44 UTC