Tata vs Mistry: Independent directors queue up for legal opinion

The disputes, revelations and allegations in the ongoing Tata-Mistry battle seem to have got independent directors on boards of listed companies a little worried. 

According to sources, top law firms are receiving a lot of queries seeking possible legal implications due to their position on boards.

The queries are related to their roles and liabilities and also the ramifications for controversial past decisions a company may have taken during their tenure, said a senior lawyer at a leading firm who has received dozens of such queries.

Independent directors, who are on boards of over three companies, are particularly perplexed on