Petition has sought a direction from the apex court to set aside or quash the findings of the tribunal which held that the group's chairman emeritus Ratan Tata's actions against Mistry were oppressive
While restoring Mistry to the position, the National Company Law Appellate Tribunal held that the appointment of N Chandrasekaran as executive chairman was illegal
After Mistry's ouster, Tata Sons also inducted former Hindustan Unilever head, Harish Manwani and Saurabh Agarwal as directors
Ratan Tata will have to take a backseat, considering the strictures passed by the NCLAT
If all those decisions are null and void, the group's business will be in a mess, an official pointed out.
The government too is getting active on the latest development in Corporate India
The Registrar of Companies has sought deletion of the words 'illegal' and 'with the help of the RoC' used by the NCLAT in its last week order
Business Standard reflects on the 18-month-old battle
The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas
He alleged that the SP group has suppressed this fact and now in hindsight challenging the very process under which they wanted to sell the shares
Aryama Sundaram, Mistry's counsel, was referring to the Article 75 of Tata Sons' charter
Tata's counsel said the various documents the SP group counsel circulated during their rejoinder were irrelevant to the case
Mistry has questioned the rationale behind some actions like the free sale of its telecom arm to Airtel, massive debt-driven acquisitions by Tata Steel
These resolutions would impose restriction on free transferability of shares held by the companies in Tata Sons
Sebi has not seen much merit in Mistry's allegations against Ratan Tata and the Tata Group
The judgement noted that 'even though the executive chairman was appointed by the board, one point to be remembered is that it is not a position elected by the shareholders'
Ousted Tata Sons chairman Cyrus Mistry will move the NCLT against the resolution
Cyrus Mistry was the sixth and youngest chairman of Tata Sons and took over after Ratan Tata retired in December 2012
Kumar writes in his blog that only lawyers and PR firms gained from Tata-Mistry war; the board could have just let the clock run out in five months
Kumar's blog chronicles the events of the day and those that followed subsequently, including disbanding of the group executive council, of which Mistry was a member