Ratan Tata wins the fight against Cyrus Mistry in SC
The Supreme Court allowed all appeals by the Tata Group and upheld its decision to sack Cyrus Pallonji Mistry as the chairman and executive director of the group. COURSE OF EVENTS On October 24, 2016, Mistry was removed from his post of Chairman of Tata Sons by the board. He was appointed to the top position in 2012. Following his ouster, Mistry had moved the Mumbai bench of the National Company Law Tribunal (NCLT) challenging his removal. He said that the majority shareholder of Tata Sons, the Tata Group was indulged in oppression of minority shareholders of the group. NCLT AND NCLAT In its 2017 judgment, the NCLT upheld Mistry’s removal from as Executive Chairman and Director. It had observed that just because the board of Tata Sons had held a board meeting at short notice or included the item agenda (that removed Mistry from his post at the top) at the last minute, it could not be termed as a fraud. In December 2019, the NCLAT had reinstated Cyrus Pallonji Mistr...