Best of BS Opinion: Budget 2020 expectations, setback for Tatas, and more

Business Standard brings to you best of BS Opinion for the day

The past two days must have been unsettling times for Indian promoters. First, a UK judge censured Anil Ambani for his apparent ignorance of personal guarantees extended by his companies to Chinese financial institutions. Then today, the National Company Law Appelate Tribunal ruled – after three years – restored Cyrus Mistry to chairmanship of Tata Sons, the group holding company, and declared the appointment of the current incumbent, N Chandrasekaran, in 2017 as illegal. The Tata group will appeal in the Supreme Court, of course, but the judgement has certainly thrown up issues about corporate governance which, as our first