Cyrus Mistry versus Tata Sons: Ratan Tata praises judicial process for 'professionalism'

Following the ouster of Mistry as Tata Sons chairman in October last year, there has been lot of acrimony between him and the Tatas.

PTI April 22, 2017 22:44:09 IST
Cyrus Mistry versus Tata Sons: Ratan Tata praises judicial process for 'professionalism'

New Delhi: Top industrialist Ratan Tata on Friday praised the judicial process for its "professionalism and fairness", days after the NCLT rejected Cyrus Mistry's plea against Tata Sons.

Following the ouster of Mistry as Tata Sons chairman in October last year, there has been lot of acrimony between him and the Tatas. Earlier this week, the National Company Law Tribunal (NCLT) dismissed Mistry's petition against the group.

Cyrus Mistry versus Tata Sons Ratan Tata praises judicial process for professionalism

Ratan Tata. Reuters

Against this backdrop, Ratan Tata has expressed his "appreciation to all those involved in the NCLT, and
particularly the high integrity of the judicial process".

Asserting that it is not about winning or losing, Tata said in a tweet, "it is all about the pride one gets in
witnessing the high integrity of our judiciary, the fairness and the competence of everybody in the process".

He also said that fairness and justice, if upheld, will make the nation "great".

"I can only express my greatest admiration for the professionalism and fairness of the legal process and express
my appreciation to all concerned," Tata said.

Earlier this week, the NCLT dismissed the waiver application by the Mistry camp filed against Tata Sons. The
petitions were filed by two firms belonging to Cyrus Mistry's family, and sought waiver of an eligibility condition for moving the forum against Tata Sons.

After the dismissal of the plea by the NCLT, Mistry has moved the appellate tribunal, NCLAT.

Updated Date:

also read

Centre seeks legal opinion to let BPCL sell subsidised LPG post stake sale
Business

Centre seeks legal opinion to let BPCL sell subsidised LPG post stake sale

A legal opinion has now been sought to ascertain if privatised BPCL will be eligible to receive liquefied petroleum gas (LPG) produced by companies such as ONGC and GAIL

Zomato IPO day 1: Retail investors' portion subscribed 2.69 times
Business

Zomato IPO day 1: Retail investors' portion subscribed 2.69 times

The IPO size was reduced to Rs 5,178.49 crore after the company raised Rs 4,196.51 crore on 13 July from 186 anchor investors

Jeff Bezos' Blue Origin gets nod to send him and three others to space
News & Analysis

Jeff Bezos' Blue Origin gets nod to send him and three others to space

It will be the first launch with passengers for Blue Origin, which, like Virgin Galactic, plans to start flying paying customers in the months ahead