Business Standard

NCLT upholds Tata Sons' 2016 move sacking Cyrus Mistry as Chairman

IANS  |  Mumbai 

The (NCLT) on Monday upheld the October 24, 2016 decision of the Board of Directors dismissing its then Mistry, a said here.

The NCLT ruled that the Board of Directors was competent to remove the Executive and that was ejected as the board members had lost confidence in him.

The much-awaited verdict of the NCLT came on a petition filed by after he was abruptly ousted as the that day, creating an upheaval in the Indian corporate world.

later quit from the board of other six companies but challenged the Group and his successor, former Ratan Tata's decisions, before the NCLT.



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First Published: Mon, July 09 2018. 11:58 IST