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NCLT dismisses ousted Chairman Cyrus Mistry's petition against Tata Sons

Reuters  |  MUMBAI 

By Abhirup Roy and Promit MukherjeeMUMBAI (Reuters) - An Indian tribunal dismissed on Monday a petition by former Tata Sons Chairman Cyrus Mistry who had alleged oppression of minority shareholders and mismanagement, giving the $100 billion conglomerate an initial win in a drawn-out feud.The National Company Law Tribunal (NCLT), a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies."The ruling is in line with the earlier position expressed by the Tribunal. An appeal on merits will be pursued," a statement from ...

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First Published: Mon, July 09 2018. 13:42 IST