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Tata vs Mistry Case Verdict: Cyrus Mistry can’t remain Tata Group chairman: Supreme Court

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Tata vs Mistry Case Verdict: Cyrus Mistry can’t remain Tata Group chairman: Supreme Court

New Delhi: The Supreme Court has struck down a five-year-old dispute over the chairmanship of the Tata Group, one of the country’s largest industries. The Supreme Court has ruled that Cyrus Mistry cannot remain chairman of the Tata Group. A bench headed by Chief Justice Sharad Bobade said there would be a separate legal process in the case.

Cyrus Mistry was removed as chairman in 2016
Mistry was removed as chairman of the Tata Group. Cyrus Mistry challenged him through legal proceedings. In December 2019, the NCLAT reversed the decision to remove Mistry in this manner. He was also asked to return the post. The Tata group had approached the court against this. The NCLAT’s order was stayed by the Supreme Court in January 2020 and today the NCLAT’s decision has been quashed. & Nbsp;

He had stated in his complaint that the rules on which the Egyptians were removed were not repealed by the NCLAT. Mistry had said that such a decision could be made in the future as well. & Nbsp;

There is no order yet on Mistry’s application
Mistry had also demanded an 18.4 per cent stake in all Tata group companies. The Supreme Court has not yet ruled on this. & Nbsp;

Important News: & nbsp;

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