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
From NCLAT setback for Tatas to expansion of services PM, read all the top headlines here
From 161 resolved cases, the realisable amount stands at over Rs 1.6 trn
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
From FM Sitharaman announcing that talks are on with PMO to revive the slowing economy to slowdown in the auto industry, here are the top business headlines for Saturday
NCLAT adjourned the hearing till tomorrow and has sought clarification from RoC on what constitutes a private company
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
The hearing of Registrar of Companies' plea, seeking modifications in National Company Law Appellate Tribunal's (NCLAT) judgement in which Cyrus Mistry was reinstated as the executive chairman of Tata Sons, has been adjourned till Friday. A two-member bench headed by Chairman Justice S J Mukhopadhaya asked the Ministry of Corporate Affairs to submit details of the definition of private and public companies under the rules of the Companies Act. The bench has also asked for clarification on the paid up capital requirement for the same. Meanwhile, the counsel appearing for Tata Sons informed the appellate tribunal that the company has moved the Supreme Court against its order passed on December 18. However, the petition is yet to be listed, the counsel added. In its plea, the Registrar of Companies (RoC), which functions under the Ministry of Corporate Affairs, has also sought to be impleaded as a party in the two petitions and deletion of the words "illegal" and "with the help of th
NCLAT judgment raises several questions
The NCLT had used words in remarks which includes "heart burn", "settle their score", "prejudicial to the interest of the company", "sovereign authority", "his way is highway" etc in its order.
Mistry and his team are reviewing the legal situation
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
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
Tata Sons, the holding company, had four weeks to file an appeal with the Supreme Court.
The NCLAT judgment has surely dented Mr Tata's reputation as he has been asked to 'desist' from interfering in the affairs of the group
The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means
Senior judges need briefings on economy-wide consequences of their decisions