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
The Chairman Emeritus said Mistry was not hired as representative of Shapoorji Pallonji group
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
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
While restoring Mistry to the position, the National Company Law Appellate Tribunal held that the appointment of N Chandrasekaran as executive chairman was illegal
Cyrus Mistry was the sixth and youngest chairman of Tata Sons and took over after Ratan Tata retired in December 2012
The requisition was made after the Navajbai Ratan Tata Trust had given up Trust status in February 2015
Avanti Finance is a financial inclusion platform built on an open-access digital model to create and deploy financial products
Ratan Tata converted a sprawling, monolithic empire into a cohesive unit. He faces another career battle again
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?
If Supreme Court strikes down the NCLAT order restoring Cyrus Mistry's position, then life returns to normal at Tata Group.
The NCLAT ruling leaves the Tata group rudderless as it faces a string of urgent decisions.
Challenges of succeeding a CEO with a long tenure
The company will make additional investment of around Rs 60 crore to take its stake in Ampere to 100%
The Trusts further clarified that this order of cancellation is a culmination of the decision taken by these six Trusts in 2015 to surrender, of their own volition, their registration under the Income
"... a highly successful entrepreneur will find opportunities are greater in markets outside of India, so that is a judgment call the entrepreneur makes," Tata said
India has had its fair share of celebrity CEOs over the past few decades. From JRD Tata to Ratan Tata. GD Birla to Kumar Mangalam Birla. Dhirubhai Ambani to Mukesh Ambani
Wadia filed the case in 2016 after he was voted out of the boards of some Tata Group companies