Cyrus Mistry has finally put to rest the speculation, with a petition filed in the National Companies Law Tribunal (NCLT). The petition has been filed under Section 241 of the Companies Act, 2013 (Act) by Cyrus Investments Pvt. Ltd. and Sterling Investment Corporation Pvt. Ltd. As per the petition the two companies collectively hold approximately 18.37% equity in Tata Sons, thus qualifying the criteria stipulated in Section 241 read with Section 244 of the Act.
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