Tata Sons Listing A 'Red Herring' In Chairman Row: Abhishek Manu Singhvi

An "active disagreement" of an entity that holds a 66 per cent stake cannot be ignored by a "runaway board" while making major decisions, argued senior lawyer Abhishek Manu Singhvi, who is representing Tata Trusts in the corporate dispute that broke out over a bid to re-appoint N Chandrasekaran as Tata Sons' chairman.

The Tata Sons board passed a resolution to re-appoint N Chandrasekaran as the chairman last week. Noel Tata, the chairman of Tata Trusts, which owns a 66 per cent stake in the conglomerate, voted against the move, arguing that the Tata Sons chairman had decided not to seek reappointment of his own accord and the decision was announced to the public. "The page has turned," he told the board in a statement.