SC sets aside NCLAT order restoring Cyrus Mistry as Tata Group’s executive chairman

Mistry had succeeded Ratan Tata as chairman of Tata Sons in 2012 but was ousted four years later

Press Trust of India March 26, 2021 13:24:55 IST
SC sets aside NCLAT order restoring Cyrus Mistry as Tata Group’s executive chairman

Ratan Tata. Image courtesy CNBC-TV18

New Delhi: The Supreme Court on Friday set aside the NCLAT order restoring Cyrus Mistry as executive chairman of the Tata Group.

A bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian said it is allowing the appeals filed by Tata Group. "The order of National Company Law Appellate Tribunal (NCLAT) dated 18 December, 2019 is set aside," the bench said.

The Bench further states, "All the questions of law are liable to be answered in favour of the appellants Tata Group and the appeals filed by the Tata Group are liable to be allowed and SP Group is liable to be dismissed."

The apex court had on 10 January last year granted relief to Tata group by staying the NCLAT order by which Mistry was restored as the executive chairman of the conglomerate. Mistry had succeeded Ratan Tata as chairman of Tata Sons in 2012 but was ousted four years later.

Updated Date:

also read

NEET PG Counselling: Supreme Court to give order on EWS case today, a look at what the case is all about
India

NEET PG Counselling: Supreme Court to give order on EWS case today, a look at what the case is all about

The matter pending before the court has been filed by resident doctors who have challenged a 29 July 2021 notification by the Centre introducing 27 percent OBC quota and 10 percent EWS quota in the NEET all-India quota seats

SC asks Supertech to refund with interest all homebuyers invested in twin towers of Noida
Business

SC asks Supertech to refund with interest all homebuyers invested in twin towers of Noida

The Supreme Court bench, which was hearing contempt petitions of home buyers, seeking refund with an interest of the amount paid to buy their flats directed the Supertech to pay the amount by 28 February

SC directs Supertech to enter into contract within week with firm to demolish 40 storey twin-towers in Noida
India

SC directs Supertech to enter into contract within week with firm to demolish 40 storey twin-towers in Noida

The top court also directed Supertech Ltd to make the refund payments to the home buyers without prejudice to their rights and contentions