Another legal battle over stake valuation must be avoided
The court said that it is up to Tata Sons, Mistry to take the legal route to resolve the issue of shares
Here's a timeline of the battle between Tata and Cyrus Mistry
Tata Group companies, on Friday, rallied up to 6 per cent in intra-day trade on the BSE post the Supreme Court ruling
Tata Sons' market value pegged at Rs 6.32 trn based on the holding company discount for its listed peers at present
Reacting to the apex court ruling, Ratan Tata in a tweet said, 'It is not an issue of winning or losing.'
The Supreme Court ruled in favour of Tata Sons in the Tata vs Mistry case, bringing quietus to the half-decade old legal battle which started in 2016
A bitter legal and public battle between the two sides erupted when Cyrus Mistry, the scion of the Mistry family, was removed from Tata Sons' board as chairman in October 2016 by its board
As per the Friday's cause list uploaded on the apex court website, a bench headed by Chief Justice S A Bobde would pronounce the verdict
Dragging the Tatas into the 21st century will take more time
While SP group sources said the verdict and debt rejig plans are unrelated, lenders said the group will be able to raise substantial sums if the SC allows it to pledge its shares in Tata Sons
The tribunal's corrigendum comes after it made strong remarks against Mistry while restoring the tax exemption of the three major Tata Trusts
SP Group chief Cyrus Mistry said the trustees of the Tata Trusts must introspect why they have deviated
The Mumbai bench of the income tax appellate tribunal has retracted the critical remarks it made on Mistry in its recent order
Former Tata Sons chairman censured for accessing and supplying records to I-T
The apex court had on January 10 granted relief to Tata group by staying the NCLAT order of December 18 last year by which Mistry was restored as the executive chairman of Tata Sons
The counsel appearing for SP Group firms told a Bench headed by Chief Justice S A Bobde about the importance of selecting the chairman of Tata Sons
The NCLAT perhaps wanted Mistry to continue as chairman of Tata Sons, the CJI remarked
Mistry counsel Sundaram says such a move is necessary under provisions of the new Companies Act of 2013
Mistry counsel Sundaram claims Ratan Tata was able to achieve this through the Tata Trusts-nominated directors on Tata Sons board