Two Mistry firms' counsel submit documents to NCLT to prove mismanagement

Two Mistry family firms on Tuesday presented to the Mumbai Bench of the National Company Law Tribunal (NCLT) what they referred to as “documentary evidence” to prove “mismanagement” at Tata Sons.

The NCLT was hearing a plea by Cyrus Investments and Sterling Investments, which have been fighting Tata Sons since Cyrus Mistry’s removal as chairman of the holding firm in October 2016.

The Mistry firms’ counsel Aryama Sundaram presented to the Bench copies of emails, letters, etc to prove the charges. They related to companies including Tata Motors, Tata Teleservices, and Tata Power. 

He argued the Tata Motors board in October 2016 had