Tata-mistry

Tata-Mistry case: In a major victory for the Tata Group, the Supreme Court on Friday set aside the NCLAT (National Company Law Tribunal) order restoring Cyrus Mistry as the executive chairman of the conglomerate. 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 Supreme Court is scheduled to pronounce on Friday its judgement on the cross appeals filed by Tata Sons Pvt Ltd and Cyrus Investments Pvt Ltd against the NCLAT order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate.

Due to the strict lockdown imposed to deal with Covid-19 virus, business malfeasances were few and far between

Shapoorji Pallonji (SP) Group on Thursday told the Supreme Court that removal of Cyrus Mistry as the chairman of Tata Sons in a board meeting held in October 2016 was akin to a "blood sport" and "ambush" and was in complete violation of principles of corporate governance and pervasive violation of Articles of Association in the process.

Chief Justice of India Sharad Arvind Bobde, who headed the bench hearing the high-stake Tata-Mistry case on Monday disclosed that his advocate son Shrinivas Bobde, has been representing a subsidiary company of Shapoorji Pallonji Group in a slum redevelopment matter for about two years.

The top court barred Shapoorji Pallonji Group from selling the shares of Tata Sons held by the group

The Supreme Court Wednesday listed for final hearing on December 2 the cross appeals filed by Tata Sons and Cyrus Investments against appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate.

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after India's biggest conglomerate took steps to block the family's attempt to borrow money against Tata shares.

The apex court said it would hear the matter along with the main plea filed by Tata Sons against NCLAT's verdict.

As the Tata-Mistry tussle escalates, Ratan Tata on Friday moved the Supreme Court in his personal capacity challenging the NCLAT's verdict reinstating Cyrus Mistry as the Tata Sons Chairman, alleging that in an instance of conflict of interest, Mistry was reluctant to disassociate himself from his family business even after he became the Chairman o...

Unlike Ratan Tata, who was in control of the group holding company's board, Murthy -- and the other co-founders, if they side with him -- are just shareholders taking on a hostile board from the outside.

The markets regulator has carried out a detailed scrutiny of any possible breach of securities laws, including about corporate governance and insider trading norms.

The new guidance comes at a time when a boardroom battle at Tata Sons, the holding company of the $100 billion Tata conglomerate, has highlighted the vulnerability of independent company directors.

Apart from the Tata-Mistry battle, the year 2016 would be remembered for high profile exits of RBI Governor Raghuram Rajan, and SoftBank president and COO Nikesh Arora.

In the latest development in the Tata-Mistry row, shareholders of Tata Chemicals on Friday voted in favour of removal of industrialist Nusli Wadia from the company's board. In another development, Ratan Tata, the patriarch of Tata group, has spoken out on the Mistry feud while Mr Wadia has filed a criminal defamation suit against Tata Sons and othe...

Tata-Mistry case: In a major victory for the Tata Group, the Supreme Court on Friday set aside the NCLAT (National Company Law Tribunal) order restoring Cyrus Mistry as the executive chairman of the conglomerate. 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 Supreme Court is scheduled to pronounce on Friday its judgement on the cross appeals filed by Tata Sons Pvt Ltd and Cyrus Investments Pvt Ltd against the NCLAT order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate.

Due to the strict lockdown imposed to deal with Covid-19 virus, business malfeasances were few and far between

Shapoorji Pallonji (SP) Group on Thursday told the Supreme Court that removal of Cyrus Mistry as the chairman of Tata Sons in a board meeting held in October 2016 was akin to a "blood sport" and "ambush" and was in complete violation of principles of corporate governance and pervasive violation of Articles of Association in the process.

Chief Justice of India Sharad Arvind Bobde, who headed the bench hearing the high-stake Tata-Mistry case on Monday disclosed that his advocate son Shrinivas Bobde, has been representing a subsidiary company of Shapoorji Pallonji Group in a slum redevelopment matter for about two years.

The top court barred Shapoorji Pallonji Group from selling the shares of Tata Sons held by the group

The Supreme Court Wednesday listed for final hearing on December 2 the cross appeals filed by Tata Sons and Cyrus Investments against appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate.

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after India's biggest conglomerate took steps to block the family's attempt to borrow money against Tata shares.

The apex court said it would hear the matter along with the main plea filed by Tata Sons against NCLAT's verdict.

As the Tata-Mistry tussle escalates, Ratan Tata on Friday moved the Supreme Court in his personal capacity challenging the NCLAT's verdict reinstating Cyrus Mistry as the Tata Sons Chairman, alleging that in an instance of conflict of interest, Mistry was reluctant to disassociate himself from his family business even after he became the Chairman o...

Unlike Ratan Tata, who was in control of the group holding company's board, Murthy -- and the other co-founders, if they side with him -- are just shareholders taking on a hostile board from the outside.

The markets regulator has carried out a detailed scrutiny of any possible breach of securities laws, including about corporate governance and insider trading norms.

The new guidance comes at a time when a boardroom battle at Tata Sons, the holding company of the $100 billion Tata conglomerate, has highlighted the vulnerability of independent company directors.

Apart from the Tata-Mistry battle, the year 2016 would be remembered for high profile exits of RBI Governor Raghuram Rajan, and SoftBank president and COO Nikesh Arora.

In the latest development in the Tata-Mistry row, shareholders of Tata Chemicals on Friday voted in favour of removal of industrialist Nusli Wadia from the company's board. In another development, Ratan Tata, the patriarch of Tata group, has spoken out on the Mistry feud while Mr Wadia has filed a criminal defamation suit against Tata Sons and othe...