From SC staying NCLAT order on Cyrus Mistry to dipping passenger vehicle sales, read all the top headlines here
A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant agreed to hear Tata Sons' plea challenging the National Company Law Appellate Tribunal (NCLAT) decision
The matter is listed before a bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant where a battery of top senior advocates are likely to represent both the sides
Business Standard brings you top events that are lined up for Friday
The National Company Law Appellate Tribunal's latest judgment on the RoC application in the Tata-Mistry case has made the fight interesting on many counts
According to a copy of the draft appeal submitted by the holding company in the apex court, there are "no cogent reasons" assigned for the conclusions arrived at in the "Impugned Judgment."
In a major development, the NCLAT had restored Mistry as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as the head was illega
The apex court website on Tuesday showed the plea to be listed before a three-judge bench comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant
SC will hear the petition filed by Tata Sons on January 10
In its order dated December 18, the NCLAT had said Tata Sons had hurriedly changed its status to private company from public 'with the help of the Registrar of Companies'
A lawyer associated with the matter had said earlier that the appeal against the NCALT decision would be mentioned for early listing on reopening of the apex court after the winter break
But says he will protect minority shareholders' rights
Ratan Tata does not think Tata Sons is 'quasi-partnership'; Cyrus Mistry does. The SC will have to sort out the vexed issue
RoC counsel told the Tribunal that they were merely following orders of the NCLT
The analysis is based on the annual audited consolidated finances of all listed Tata Group firms for the respective financial years
Ratan Tata has also filed a petition in the Supreme Court appealing it to set aside the NCLAT order which restored former Tata group chairman, Cyrus Mistry as Executive Chairman
In restoring Cyrus Mistry, NCLAT failed to consider the implications of the order, Tata Sons said in their appeal
The Tata Trusts holds 66 per cent stake in Tata Sons - the holding company of Tata Group companies - and Ratan Tata is the chairman of the Trusts
NCLAT judgment raises several questions
Mistry and his team are reviewing the legal situation