Mistry’s ouster: Tatas file caveats in SC, HC and NCLT
October 25, 2016
New Delhi: Tata group today filed caveats in Supreme Court, Bombay High Court and National Company Law Tribunal to prevent ousted Tata Sons Chairman Cyrus Mistry from getting an ex-parte order against his sacking.
According to sources, the Tatas don’t want any court to pass any ex-parte orders without hearing their side of the story.
“They have pleaded to be heard before the court passes any interim order like stay on Mistry’s sacking,” a source said.
Earlier in the day, interim Chairman Ratan Tata had asked senior management of the conglomerate’s firms to focus on their businesses without being concerned about the top level change.
In a sudden and dramatic turn of events, Mistry was yesterday sacked as Chairman of India’s largest conglomerate Tata Group.
Separately, Mistry filed three caveats against Ratan Tata, Tata Sons, Sir Dorabji Trusts, while one caveat was filed by Cyrus Investments Pvt Ltd against Ratan Tata and Tata Sons. These caveats were filed through leading law firm Amarchand Mangaldas.
PTI
Recent Stories
- 6 held at Ahmedabad Airport for smuggling 4.5 kg of gold
- RIL reports Rs 21,243-crore profit for Q4 FY2023-24; EBITDA up 16.1%
- AIMIM to not contest in Lok Sabha elections from Gujarat
- 35 including 10 minors take Deeksha in Ahmedabad embracing monkhood
- Firing at Salman's House: Mumbai Crime Branch searches for gun in Surat's Tapi River
- Vehicles with White LED Headlights to face action; Ahmedabad RTO begins drive
- Surat Lok Sabha seat BJP candidate wins unopposed