Page 9 - Cyrus Mistry
Tata Sons move SC, challenges NCLAT order restoring Mistry as chairman
Tata Sons on Thursday moved the Supreme Court challenging the December 18 decision of the NCLAT restoring Cyrus Mistry as the executive chairman of the group. The Tata Group sought stay of the verdict by which the National Company Law Appellate Tribunal (NCLAT) ruled as "illegal" the appointment of N Chandrasekaran as head of the holding company of over USD 110 billion salt-to-software conglomerate. "We have challenged the NCLAT decision in its entirety," a lawyer associated with the matter said. The 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. The NCLAT had stayed the operation of the judgement with respect to reinstatement of Mistry for four weeks to allow the Tatas to appeal. The NCLAT had also quashed the conversion of Tata Sons into a private company from a public firm. It also directed Tata Sons not to take any action
 "Tata Sons move SC, challenges NCLAT order restoring Mistry as chairman")
Top headlines: Big win for Cyrus Mistry, Infosys fined $800k for tax fraud
A two-member NCLAT Bench headed by chairperson Justice S J Mukhopadhaya pronounced its judgement over the petitions moved by Mistry and two investment firms challenging his removal from the group
 "Top headlines: Big win for Cyrus Mistry, Infosys fined $800k for tax fraud")
Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons
While restoring Mistry to the position, the National Company Law Appellate Tribunal held that the appointment of N Chandrasekaran as executive chairman was illegal
 "Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons")
Tata vs Mistry: NCLAT order to reinstate Mistry may pave way for settlement
After Mistry's ouster, Tata Sons also inducted former Hindustan Unilever head, Harish Manwani and Saurabh Agarwal as directors
 "Tata vs Mistry: NCLAT order to reinstate Mistry may pave way for settlement")
NCLAT ruling on Mistry: Order raises questions on corporate governance
Ratan Tata will have to take a backseat, considering the strictures passed by the NCLAT
 "NCLAT ruling on Mistry: Order raises questions on corporate governance")
Mistry as Tata Sons chairman: Cloud over key decisions, board appointments
If all those decisions are null and void, the group's business will be in a mess, an official pointed out.
 "Mistry as Tata Sons chairman: Cloud over key decisions, board appointments")
Best of BS Opinion: Budget 2020 expectations, setback for Tatas, and more
Business Standard brings to you best of BS Opinion for the day
 "Best of BS Opinion: Budget 2020 expectations, setback for Tatas, and more")
Tatas plan to move SC vacation bench for early stay against NCLAT order
The government too is getting active on the latest development in Corporate India
 "Tatas plan to move SC vacation bench for early stay against NCLAT order")
Cyrus reinstated: Tata Group stocks to remain under pressure, say analysts
The decision came at the fag-end of the trading session and saw most Tata group stocks react to the development
How Cyrus Mistry won the battle to reclaim chairmanship of Tata Sons
Cyrus Mistry was the sixth and youngest chairman of Tata Sons and took over after Ratan Tata retired in December 2012
 "How Cyrus Mistry won the battle to reclaim chairmanship of Tata Sons")
Top 10 biz headlines: Sensex at all-time high, Cyrus Mistry, and more
From new water tariffs policy to SCI's privatisation, here are the top 10 business headlines for the day
 "Top 10 biz headlines: Sensex at all-time high, Cyrus Mistry, and more")
Volatility could rise in Tata group firms
The NCLAT order could also create trading and investment opportunities
Equity investors shrug off NCLAT's adverse judgment in Tata-Mistry case
Most key Tata stocks have gained since Wednesday's order; weakness remains in smaller stocks
 "Equity investors shrug off NCLAT's adverse judgment in Tata-Mistry case")
Ratan Tata's legacy as brand custodian challenged as he fights Mistry
Ratan Tata converted a sprawling, monolithic empire into a cohesive unit. He faces another career battle again
 "Ratan Tata's legacy as brand custodian challenged as he fights Mistry")
$110 bn question: Who runs Tata Sons if SC backs tribunal on Cyrus Mistry?
Given that the relations between Ratan Tata and Cyrus Mistry are probably beyond repair, would Mistry even want to return to work at Bombay House, as the headquarters are known?
 "$110 bn question: Who runs Tata Sons if SC backs tribunal on Cyrus Mistry?")
Tata vs Mistry: What next in India's biggest corporate thriller?
If Supreme Court strikes down the NCLAT order restoring Cyrus Mistry's position, then life returns to normal at Tata Group.
 "Tata vs Mistry: What next in India's biggest corporate thriller?")
Ratan Tata's legacy threatened as tribunal overturns Cyrus Mistry's ouster
The NCLAT ruling leaves the Tata group rudderless as it faces a string of urgent decisions.
Top biz headlines: Mistry back as Tata chairman, GST Council meet, & more
In a first, the GST Council on Wednesday resorted to voting to decide an issue
Nusli Wadia hails NCLAT ruling, says Mistry's removal was a vindictive act
Wadia was a favourite of former Tata group chairman J R D Tata to take over the group's reins after him
 "Nusli Wadia hails NCLAT ruling, says Mistry's removal was a vindictive act")
NCLAT order a victory of good governance & vindication of my stand: Mistry
Mistry said the judgment is not a personal victory for him, but is a victory for the principles of good governance and minority shareholder rights
 "NCLAT order a victory of good governance & vindication of my stand: Mistry")