NCLT rules in Tata Sons' favour; Cyrus Mistry's conduct doesn't augur well for company's functioning

Jul 09,2018

NCLT rules in favour of Tata Sons, holds that Board of Directors is competent to dismiss Executive Chairman; Remarks that Cyrus Mistry allegedly leaked information to media, and his conduct does not augur well for the smooth functioning of Tata Sons; Rejects plea for proportional representation of Mistry group on Board of Tata Sons; Also refuses to restrain Tata Sons from converting to private company, states “Corporate democracy and corporate governance go hand in hand”; Finds no merit i...

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