Cyrus Mistry actions hurt Tata group interests, Tata Sons tells SC

In restoring Cyrus Mistry, NCLAT failed to consider the implications of the order, Tata Sons said in their appeal

Tata Sons, the holding company of the Tata group, on Thursday moved the Supreme Court (SC) with an appeal to quash the National Company Law Appellate Tribunal (NCLAT) order that had restored Cyrus Mistry as Tata Sons executive chairman after holding the appointment of the current chairman, N Chandrasekaran, “illegal”.
 
The SC is expected to hear the petition next week, when it reopens after vacation.
 
In its plea, Tata Sons said even the Mistry investment companies had not sought Chandrasekaran’s removal as chairman and yet the NCLAT declared his appointment “illegal”, causing a disruption in the group’s functioning.