Tata Sons moved the Supreme Court on Thursday challenging the restoration of Cyrus Mistry as the executive chairman of the group by National Company Law Appellate Tribunal (NCLAT) last month. Mistry was restored as the Executive Chairperson of the Tata Sons by the NCLAT on December 18 last year, three years after he was sacked at a board meeting. In its petition filed before the top court, Tata Sons has sought a stay on the NCLAT order. Mistry was chosen by a selection panel to head the Tata Group after Ratan Tata had announced his retirement in 2012. However, he was ousted from his post four years later, when in 2016 a board of Tata Group's holding company, Tata Sons, voted to remove Mistry as the chairperson and named Ratan Tata as interim chairman.

Source: dna January 02, 2020 06:11 UTC