You can't file oppression plea against Tata Sons: Tribunal to Cyrus Mistry

In a setback to the Mistrys, the National Company Law Tribunal (NCLT) on Monday said that former Tata group chairman, Cyruy Mistry's family firms are not qualified to file a petition alleging mismanagement of Tata Sons and oppression of minority shareholders. “The petitioners have failed to convince the court that the application is maintainable,” B.S.V. Kumar, presiding member of NCLT, said  in Mumbai today. 

In a statement, the Law Tribunal said, “Mistry cos not eligible to allege mismanagement & shareholder oppression.

The Mistrys own 18.5 per cent stake in Tata Sons but the Tatas have argued that the Mistrys