Can NCLAT reinstate Cyrus Mistry as chairman of Tata Sons? Asks CJI

The NCLAT perhaps wanted Mistry to continue as chairman of Tata Sons, the CJI remarked

Cyrus Mistry
File photo of Cyrus P Mistry
BS Reporter
1 min read Last Updated : Dec 16 2020 | 12:56 AM IST
Chief Justice of India S A Bobde on Tuesday asked whether the  National Company Law Appellate Tribunal (NCLAT) had any powers to reinstate Cyrus Mistry as chairman of Tata Sons. 

The CJI said the Bench had even asked the same question to Tata’s counsel Harish Salve at the  beginning of the hearing whether there was any power with the NCLAT to exercise suo motu powers to reinstate and the CJI said apparently there was none. The NCLAT perhaps wanted Mistry to continue as chairman of Tata Sons, the CJI remarked. Mistry counsel said even they had not prayed for reinstatement as Chairman. 

The CJI also asked which law was violated or restricted any director from pre consultation with others? This was in response to Mistry alleging that Tata Trusts nominated directors were consulting group patriarch Ratan Tata before taking any decisions.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :NCLATTata vs MistryRatan TataCyrus MistryTata SonsShapoorji PallonjiJustice SA BobdeChief Justice of India

Next Story