Nusli Wadia hails NCLAT ruling, says Mistry's removal was a vindictive act

Wadia was a favourite of former Tata group chairman J R D Tata to take over the group's reins after him

Nusli Wadia, chairman of the Wadia group of companies, hailed the National Company Law Appellate Tribunal (NCLAT) order reinstating Cyrus Mistry as the chairman of Tata Sons, and said Mistry’s removal was a vindictive act of just one person.

“It (the order) proves that Cyrus’ removal was malicious and a vindictive act of one person. I am proud that I was the only independent director who believed in Cyrus and opposed his unjust removal,” he told Business Standard.

Wadia was removed by the Tata group as independent director of three group companies —  Tata Steel, Tata Motors, and Tata Chemicals —  soon