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Tribunal dismisses ex-chairman Mistry's plea against Tata Sons

Reuters  |  MUMBAI 

MUMBAI (Reuters) - An Indian tribunal has dismissed a petition by former Tata Sons' chairman Cyrus Mistry that alleged mismanagement and discrimination against minority shareholders at the Tata group holding company, Tata Sons said on Monday, adding it welcomed the order.The National Company Law Tribunal (NCLT), a quasi-judicial body, also refused to grant a waiver to Mistry's family-owned companies on the minimum shareholding needed to go ahead with the petition.Tata Sons, the holding company in a business empire ranging from car maker Jaguar Land Rover and steel mills to aviation and salt ...

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First Published: Mon, April 17 2017. 20:54 IST