Cyrus Mistry Restored As Tata Chairman 3 Years After Sacking | Read

PUBLISHED ON: December 18, 2019 | Duration: 3 min, 51 sec

  
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Cyrus Mistry was restored as the executive chairman of Tata Sons today by the National Company Law Appellate Tribunal (NCLAT), three years after his dramatic sacking at a board meeting following which Ratan Tata took over as interim chairman. The tribunal said the decision would apply only after four weeks - the time allowed to the Tatas to challenge the order before the Supreme Court. The tribunal held the company's conversion from a public to private as illegal and also struck down the appointment of Natarajan Chandrasekaran as executive chairman of the salt-to-software conglomerate. Cyrus Mistry's abrupt ouster had created an upheaval in the Indian corporate world.
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