Battle with Tatas: Two Mistry family firms allege NCLT order is erroneous

Bracing themselves for the next round of battle with Tata Sons, two Cyrus Mistry investment firms, Cyrus Investments and Sterling Investment, in their appeal against the July 9 order of National Company Law Tribunal (NCLT), have alleged that the verdict has “errors of law and errors in reasoning”.

They said the order relied on “external information,” according to a petition filed by the firms at the National Company Law Appellate Tribunal (NCLAT) in Delhi. 

The NCLT’s Mumbai Bench had said it did not find merit in allegations of mismanagement in Tata group companies. The NCLAT will begin hearing the Mistry family’s appeal