My stand on Tata legacy hotspots is vindicated: Cyrus Mistry to SC

In his affidavit filed in the Supreme Court, Mistry gave details on businesses which, he claimed, had failed due to wrong business calls made by Mistry's predecessor, Ratan Tata.

Cyrus Mistry, former chairman of Tata Group, has said his stand on the group’s sick businesses was vindicated as losses in these “legacy hotspots” continued to mount even after a new management, led by the current chairman N Chandrasekaran, took over.

In an affidavit filed in the Supreme Court (SC), Mistry gave details of every business that, he claimed, had failed because of wrong business calls made by his predecessor, Ratan Tata.
 

Both Tata and Mistry have moved SC against the National Company Law Appellate Tribunal’s (NCLAT’s) December order that reinstated Mistry as a director on Tata Sons board and deemed