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Tata-Mistry dispute will test the rights of minority shareholders: Lawyers

The SC on Friday agreed to hear a plea filed by the SP Group challenging the National Company Law Appellate Tribunal's (NCLAT's) December order

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Despite vociferous opposition by the Mistry camp’s lawyers, the NCLAT judgment was stayed in its entirety

4 min read Last Updated : May 31 2020 | 9:34 PM IST

The dispute between Tata group and its ex-chairman Cyrus Mistry in the Supreme Court (SC) will test the rights of minority shareholders and set a precedent for other companies, say corporate lawyers.

Before the apex court decides on the merits of the case, lawyers said, the Tata group and the Mistry family-run Shapoorji Pallonji (SP) Group now have the last chance to settle their differences out of court. “Both groups should try to settle the issue. While Tata Sons should offer a board seat to the Mistry family, which they held since 1980, the SP Group may look at selling Tata

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