National Company Law Appellate rejects Cyrus Mistry's plea against Tata Sons' EGM on 6 Feb

New Delhi: National Company Law Appellate Tribunal (NCLAT) today quashed a set of petitions filed by ousted Tata Sons chairman Cyrus Mistry against the
shareholder meeting called by the Tata Group holding company on Monday to seek his removal.

Cyrus Mistry. Reuters

Cyrus Mistry. Reuters

NCLAT did not give any immediate relief to Mistry, who was abruptly ousted as the chairman of Tata Sons in October last year.

He had continued on the board of the holding company of the $103 billion Tata Group. Tata Sons has called a shareholder meeting in Mumbai on 6 February to seek his
removal as director.

"We are not going to grant any relief. We are dismissing the three appeals. We would pass a detailed order later," said a bench headed by Justice S J Mukhopadhyay.

Two investment firms backed by the Mistry family has moved the NCLAT through their law firm 'Jaitley and Bakshi'. On 31 January, the Mumbai bench of National Company Law Tribunal (NCLT) had refused to grant a stay on February 6 EGM.

Updated Date: Feb 03, 2017 16:47 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See