The sparring match between Tata Sons and ousted chairman Cyrus Mistry is far from ending
The contempt plea alleged that the respondents have 'committed a breach' of an NCLT order of Dec 22 last year
As per petition, board had been asking Mistry to address continuing losses of TTSL for over 3 yrs
Tata Sons had abruptly removed Mistry as its Chairman on October 24
Former group chairman accused of making sensitive company documents public
Tata Sons owns substantial stakes of over 30 percent in all of the five Tata companies that had upcoming meetings, and Tata Sons' moves to oust Mistry were widely expected to succeed.
Cyrus Mistry said his battle against his ouster as Chairman from Tata Sons and various group companies was a matter of principle and he urged TCS shareholders to vote their conscience.
In his letter to shareholders, he says the "fight is a matter of principle rather than facing the foregone outcome.
Tata Sons has been stepping up the pressure on Mistry ever since he was sacked as Chairman of the company on October 24
The company has called an EGM on Dec 26, 2016, to consider the resolution for the removal of Mistry as its director
Mistry said there was a crying need to reclaim the glory of the Tata group
In a letter to shareholders, he said the company was unable to come up with new products in a very competitive Indian passenger vehicles market
Cyrus Mistry said, 'It is critical that serious decisions of severe magnitude and consequence are not taken whimsically'
Cyrus Mistry was sacked as chairman by the board of Tata Sons - the holding company of group firms - on October 24
Tata Sons board ousted Mistry on October 24 and appointed Ratan Tata as Interim Chairman
Mediapersons, including photographers, were not allowed near the shrine during the short visit of Mistry
Mistry was yesterday ousted as Chairman of the firm, the third Tata Group entity to do so
The TCS board will hold an extraordinary general meeting (EGM) on December 13 to oust Mistry as director
Nanda's firm replaced Niira Radia's Vaishnavi Corporate Communications in 2011 as the PR agency for the Tata Group
New Tata Global head said a resolution seeking removal of Mistry was brought in a fully legal manner