Tata vs Mistry: NCLAT order to reinstate Mistry may pave way for settlement

After Mistry's ouster, Tata Sons also inducted former Hindustan Unilever head, Harish Manwani and Saurabh Agarwal as directors

The National Company Law Appellate Tribunal (NCLAT) verdict on Wednesday to reinstate Cyrus Mistry as chairman of Tata Sons will pave the way for a settlement between the two warring sides, say legal experts. 

The order has also observed that both parties must take steps to “create a healthy atmosphere to remove the mistrust between the two groups.”

“The NCLAT order will bring both sides to the negotiating table and find a way out of the crisis.  I think while Mistry can be re-instated as non-executive chairman the present Chairman of Tata Sons, N Chandrasekaran may look after the day-to-day