#TataMistry: NCLT dismisses Mistry's petition against Tata Sons & Ors

The Mumbai Bench of the NCLT today, through an oral order, dismissed the petition filed by Cyrus Mistry against Tata Sons, Ratan Tata, and several others.

The court while rejecting the petition said that, the Board of Directors are competent to remove the Chairman and that no selection committee is required to remove the Executive Chairman. The court also ruled Tata Sons can’t be prevented from becoming a private company and found no merit in arguments relating to mismanagement in Tata Group companies.

Facebook Comment