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Cyrus Mistry case will become precedent in oppression disputes: Experts

On Monday, the NCLT Mumbai bench rejected Mistry's petitions

cyrus mistry
Cyrus Mistry

The Mistry family’s investment firms failed to make a case of “oppression” of minority shareholders and mismanagement of Tata Sons at the National Company Law Tribunal (NCLT) and the order would now become a precedent for similar disputes in corporate India, said corporate lawyers. “The NCLT order has made sure that the majority shareholders have an absolute control over the company’s affairs and minority shareholders will have to prove that the conduct of majority shareholders was oppressive and illegal. “The word ‘oppression’ is ...