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Tribunal dismisses Cyrus Mistry's plea against Tata firms - media

Reuters  |  MUMBAI 

(Reuters) - An Indian has dismissed a by former Sons' chairman Cyrus that alleged mismanagement and oppression of minority shareholders at group firms, the Mint economic daily's website and TV channels reported on Monday.

The National Company Law Tribunal, a quasi-judicial body, also refused to grant a waiver to Mistry's family-owned companies from a shareholding requirement that would have allowed the companies to file the

On March 7, Cyrus Investments Pvt. Ltd and Sterling Investments Pvt. Ltd - two companies owned by Cyrus Mistry's family - requested the to waive the requirement that shareholders hold at least 10 percent of a company to file a against promoters.

The said a final order would be issued on Friday, according to the media reports.

(Reporting by Promit Mukherjee; Editing by Biju Dwarakanath)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Tribunal dismisses Cyrus Mistry's plea against Tata firms - media

MUMBAI (Reuters) - An Indian tribunal has dismissed a petition by former Tata Sons' chairman Cyrus Mistry that alleged mismanagement and oppression of minority shareholders at Tata group firms, the Mint economic daily's website and TV channels reported on Monday.

(Reuters) - An Indian has dismissed a by former Sons' chairman Cyrus that alleged mismanagement and oppression of minority shareholders at group firms, the Mint economic daily's website and TV channels reported on Monday.

The National Company Law Tribunal, a quasi-judicial body, also refused to grant a waiver to Mistry's family-owned companies from a shareholding requirement that would have allowed the companies to file the

On March 7, Cyrus Investments Pvt. Ltd and Sterling Investments Pvt. Ltd - two companies owned by Cyrus Mistry's family - requested the to waive the requirement that shareholders hold at least 10 percent of a company to file a against promoters.

The said a final order would be issued on Friday, according to the media reports.

(Reporting by Promit Mukherjee; Editing by Biju Dwarakanath)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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Tribunal dismisses Cyrus Mistry's plea against Tata firms - media

(Reuters) - An Indian has dismissed a by former Sons' chairman Cyrus that alleged mismanagement and oppression of minority shareholders at group firms, the Mint economic daily's website and TV channels reported on Monday.

The National Company Law Tribunal, a quasi-judicial body, also refused to grant a waiver to Mistry's family-owned companies from a shareholding requirement that would have allowed the companies to file the

On March 7, Cyrus Investments Pvt. Ltd and Sterling Investments Pvt. Ltd - two companies owned by Cyrus Mistry's family - requested the to waive the requirement that shareholders hold at least 10 percent of a company to file a against promoters.

The said a final order would be issued on Friday, according to the media reports.

(Reporting by Promit Mukherjee; Editing by Biju Dwarakanath)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22