NCLAT Restores Cyrus Mistry As Tata Group Executive Chairman [Updated With Order]
5 years ago

NCLAT Restores Cyrus Mistry As Tata Group Executive Chairman [Updated With Order]

Live Law  

The National Company Law Appellate Tribunal on Wednesday restored Cyrus Mistry as the Executive Chairman of Tata Group.Allowing Mistry's appeal, the Appellate Tribunal set aside the judgment of National Company Law Tribunal Mumbai bench that had upheld the appointment of N Chandrasekharan as Chairman in his place.A two member bench headed by Justice SJ Mukhopadhyay granted four weeks time to. The National Company Law Appellate Tribunal on Wednesday restored Cyrus Mistry as the Executive Chairman of Tata Group. Allowing Mistry's appeal, the Appellate Tribunal set aside the judgment of National Company Law Tribunal Mumbai bench that had upheld the appointment of N Chandrasekharan as Chairman in his place. Judgement The tribunal noted that the Nomination and Remuneration Committee comprised of Cyrus Mistry, two Independent Directors, namely Farida Khambhata and Ranendra Sen and one Director, Vijay Singh, a nominee Director of 'Tata Trust had appreciated Mistry's performance- "The record suggests that the removal of Mr. Cyrus Pallonji Mistry had nothing to do with any lack of performance.

Mumbai Board Ratan Tata Company Tribunal Respondent Nclt Tata Sons Group Tata Group Directors Tata Executive Respondents Cyrus Sons Chairman Mistry Mumbai Bench Cyrus Mistry Executive Chairman Tata Sons Limited Cyrus Pallonji Mistry  company  cyrus  directors  nclat  mistry  group  chairman  tata  executive  sons  restores  tribunal  respondent  order  updated

History of this topic

Top 5 corporate shakeups that defined 2024
1 week, 2 days ago

Top 5 corporate shakeups that defined 2024

Live Mint  

Year-ender 2024: Top five corporate shakeups that defined the year — from Noel Tata taking over the Tata conglomerate after Ratan Tata's demise, to Nvidia scaling new heights, the US TikTok ban, OpenAI's push towards for-profit and Gautam Adani and his companies' being indicted by the United States DoJ for bribery and other charges. We take a look: Noel Tata …

Tata Trusts continues to oppose transfer of Tata Sons shares owned by SP Group
4 weeks, 1 day ago

Tata Trusts continues to oppose transfer of Tata Sons shares owned by SP Group

Live Mint  

Bengaluru and Mumbai: The friction continues between Shapoorji Pallonji Group, the largest public shareholder of Tata Sons, and the philanthropic entities that control the Tata empire. The chief executive of Tata Trusts told Mint in an email response to a questionnaire sent on Tuesday that Tata Sons’ shares cannot be used as collateral for fresh loans by the SP Group. …

Tata Trusts inducts Mehli Mistry as trustee; details here
2 years, 2 months ago

Tata Trusts inducts Mehli Mistry as trustee; details here

Firstpost  

Mistry’s induction comes just months after Noel Tata, Ratan Tata’s half-brother, joined the board of Sir Dorabji Tata Trusts in February this year. The move is seen as a part of the succession plans by Ratan Tata Tata Trusts has named Mehli Mistry, cousin of late Cyrus Mistry, as a trustee of Sir Dorabji Tata Trust and Sir Ratan Tata …

How Cyrus Mistry fought a lonely battle
2 years, 4 months ago

How Cyrus Mistry fought a lonely battle

Live Mint  

Cyrus Mistry was the chairman of India’s largest and globally best-known conglomerate. Students, housewives, techies, small bizpersons Order book a plus, but HAL must get execution right Some of Cyrus Mistry’s early actions when he took charge as chairman of Tata Sons are also telling. The Tata Group was anyway known for its high standards of cor-porate governance, but Mistry …

Cyrus Mistry death: Former chairman of India’s Tata group dies in car accident
2 years, 4 months ago

Cyrus Mistry death: Former chairman of India’s Tata group dies in car accident

The Independent  

The former chairman of one of India’s biggest conglomerates Tata Sons, who was ousted in a high-profile boardroom coup, died on Sunday in a car crash. Cyrus Mistry, an Indian-born Irish businessman, succeeded one of south Asia’s richest men — Ratan Tata — as the chairman of the most vaunted industrial group. His passing away is a big loss to …

Cyrus Mistry’s reaction to SC verdict: ’I sleep with a clear conscience’
2 years, 4 months ago

Cyrus Mistry’s reaction to SC verdict: ’I sleep with a clear conscience’

Live Mint  

Former Tata Sons Chairman Cyrus Mistry had opened up follwoing the Supreme Court verdict on the long-drawn fight with Tata Sons. Notably, after four years at the helm, Cyrus Mistry was replaced in a boardroom coup in October 2016, which saw Ratan Tata taking over the group before the reigns were passed on to N Chandrasekhar. Cyrus Mistry, in a …

Cyrus Mistry: Construction group scion to Tata chairman
2 years, 4 months ago

Cyrus Mistry: Construction group scion to Tata chairman

The Hindu  

Cyrus P. Mistry, a scion of the Shapoorji Pallonji Group, who went on to head the sprawling Tata Group as chairman of the holding company Tata Sons for four years before his sudden ouster in 2016, died in a car accident on Sunday. The youngest son of the late construction tycoon Pallonji Mistry, Mistry, was handpicked by Ratan Tata to …

From the India Today archives (2016) | Why Cyrus Mistry, Tatas had a falling-out
2 years, 4 months ago

From the India Today archives (2016) | Why Cyrus Mistry, Tatas had a falling-out

India Today  

For Cyrus Mistry and his band of faithfuls, it had been business as usual till as late as Friday, October 21. It was an indication of how badly Mistry misread the signals coming from the Tata Trusts, headed by his predecessor Ratan Tata, which has a huge say in the board decisions of the Tata Sons, the holding company of …

Cyrus Mistry Dies In Road Accident: Know 5 Facts About Former Tata Sons Head
2 years, 4 months ago

Cyrus Mistry Dies In Road Accident: Know 5 Facts About Former Tata Sons Head

News 18  

Former Chairman of Tata Sons Cyrus Pallonji Mistry was on Sunday killed in a road accident near Mumbai. -Cyrus Mistry was announced the sixth chairman of Tata Sons after a five-man selection team spent 15 months searching for a successor to Ratan Tata. Months later — in December 2016 — two Mistry family-backed investment firms – Cyrus Investments Pvt Ltd …

Cyrus Mistry: A reclusive scion who once headed Tata Sons
2 years, 4 months ago

Cyrus Mistry: A reclusive scion who once headed Tata Sons

Deccan Chronicle  

MUMBAI: Till his appointment as the chairman to lead Tata Sons, not many knew of Cyrus Mistry, who was then associated only with his family business. A south Mumbai low-profile boy, 44-year-old Mistry family scion was already heading companies in the Shapoorji Pallonji Group when he was appointed to succeed Ratan Tata as the head of the over $100 billion, …

Tata Group CEO N Chandrasekaran pays respect to Cyrus Mistry, calls it ‘tragic’
2 years, 4 months ago

Tata Group CEO N Chandrasekaran pays respect to Cyrus Mistry, calls it ‘tragic’

Live Mint  

Former Tata group chairman Cyrus Mistry on 4 September died in a car accident after his car hit a divider in Maharashtra's Palghar district neighbouring Mumbai. Following this incident, the current chairman of the conglomerate – Tata Group – N Chandrasekaran paid his respect to Mistry and said it was "really tragic that he passed away at such a young …

Cyrus Mistry Death: The 'Outsider' Who Made It to The Top of Tata Group
2 years, 4 months ago

Cyrus Mistry Death: The 'Outsider' Who Made It to The Top of Tata Group

News 18  

In a shocking development, Cyrus Mistry was killed in a road accident in Palghar on Sunday afternoon after the Mercedes he was travelling in rammed into a divider. In his career, Cyrus Mistry has been in key positions of the corporates in India — from being the managing director of construction giant Shapoorji Pallonji Group to taking over as the …

Cyrus Mistry Death: Shocked by Demise in Car Crash, India Inc Remembers 'Man of Substance'
2 years, 4 months ago

Cyrus Mistry Death: Shocked by Demise in Car Crash, India Inc Remembers 'Man of Substance'

News 18  

Cyrus Mistry, who succeeded Ratan Tata as chairman of Tata Sons but was later ousted in India’s most high-profile boardroom coup, was killed in a car accident in Maharashtra’s Palghar on Sunday, said police. He was instrumental in creating the global construction giant Shapoorji Pallonji and ably led the Tata group.— Harsh Goenka September 4, 2022 Mahindra Group chairman Anand …

Cyrus Mistry, the outsider who became part of Tata empire
2 years, 4 months ago

Cyrus Mistry, the outsider who became part of Tata empire

Live Mint  

Maharashtra police official on Sunday said that the former Tata Sons chairman Cyrus Mistry was killed in a road accident after his car hit a divider in Palghar district neighbouring Mumbai. The former Tata Sons chairman was travelling from Ahmedabad to Mumbai in a Mercedes car, the police official said, “the accident took place around 3.15 pm, when Cyrus Mistry …

Former Tata Sons chairman Cyrus Mistry dies in a road accident in Palghar
2 years, 4 months ago

Former Tata Sons chairman Cyrus Mistry dies in a road accident in Palghar

Op India  

Cyrus Mistry, the former chairman of Tata Sons, died in a road accident near Palghar in Maharashtra today. Former chairman of Tata Sons Cyrus Mistry killed in road accident near Mumbai — Press Trust of India September 4, 2022 Palghar Superintendent of Police Balasaheb Patil said, “The accident took place on the Surya river bridge on the way from Ahmedabad …

Cyrus Mistry, former Tata Sons Chairman, dies in road accident
2 years, 4 months ago

Cyrus Mistry, former Tata Sons Chairman, dies in road accident

Live Mint  

Former chairman of Tata Sons Cyrus Mistry has died in a road accident while en route from Ahmedabad to Mumbai. Catch latest updates here: - Cyrus Mistry death: Injured luxury car driver and her hubby likely to be shifted to Mumbai tomorrow Anahita Pandole, who was driving the luxury car which crashed on a road divider on Sunday, killing former …

Cyrus Mistry, ex-Tata Sons head, killed in car crash near Mumbai due to overspeeding | What we know so far
2 years, 4 months ago

Cyrus Mistry, ex-Tata Sons head, killed in car crash near Mumbai due to overspeeding | What we know so far

India TV News  

Cyrus Mistry, former Tata Sons chairman, was killed in a road accident on Sunday after his car hit a divider in Maharashtra's Palghar district near Mumbai. Tata Sons Chairman N Chandrasekaran, the second person outside the Tata family to occupy the top position in the group, condoled the death of Mistry, a man who, he said, had a passion for …

Cyrus Mistry death: PM Modi, Eknath Shinde, others react to former Tata Sons chairman's demise
2 years, 4 months ago

Cyrus Mistry death: PM Modi, Eknath Shinde, others react to former Tata Sons chairman's demise

India TV News  

Cyrus Mistry death : Former Tata Group chairman, Cyrus Mistry passed away in a road accident on Sunday. Expressing grief, BJP minister Piyush Goyal wrote, "Deeply anguished & shocked by the sudden passing away of Cyrus Mistry. Maharashtra's Deputy CM, Devendra Fadnavis wrote, "Shocked and deeply pained to know about the demise of Former Chairman of Tata Sons Shri Cyrus …

Cyrus Mistry dies in road accident: Twitter mourns the demise of ex Tata Sons chairman
2 years, 4 months ago

Cyrus Mistry dies in road accident: Twitter mourns the demise of ex Tata Sons chairman

India TV News  

In a sad state of affairs, former Tata Sons chairman Cyrus Mistry was killed in a road accident near Mumbai on Sunday. Prime Minister Narendra Modi condoled the death of former Tata Sons chairman Cyrus Mistry and remembered him as a promising business leader who believed in India's economic prowess. N Chandrasekaran, Chairman, Tata Sons mourned the demise and said, …

Pallonji Mistry, Chairman of Shapoorji Pallonji Group, Passes Away At 93
2 years, 6 months ago

Pallonji Mistry, Chairman of Shapoorji Pallonji Group, Passes Away At 93

News 18  

Pallonji Mistry, head of the Shapoorji Pallonji group, passed away late last night at his residence in Mumbai. Pallonji Mistry, the reclusive business tycoon was credited for the success of the more than 150-year-old Shapoorji Pallonji Group, which has grown to be one of the largest business groups in the country. Born in a Parsi family in Gujarat in 1929, …

Tata, Tata Sons welcome SC dismissal of review petition by Sapoorji Pallonji group
2 years, 7 months ago

Tata, Tata Sons welcome SC dismissal of review petition by Sapoorji Pallonji group

Deccan Chronicle  

New Delhi: Veteran industrialist Ratan Tata and Tata Sons on Thursday welcomed the Supreme Court's dismissal of a plea of the Sapoorji Pallonji group seeking a review of the verdict that upheld the Tata group's removal of Cyrus Mistry as Chairman of Tata Sons. The apex court on Thursday dismissed a plea of the SP group seeking a review of …

Ratan Tata ‘grateful’ as SC rejects Shapoorji Pallonji’s plea to review order on Cyrus Mistry
2 years, 7 months ago

Ratan Tata ‘grateful’ as SC rejects Shapoorji Pallonji’s plea to review order on Cyrus Mistry

Hindustan Times  

The Supreme Court on Thursday rejected a plea of the Shapoorji Pallonji group, seeking a review of its last year's order of upholding the Tata Group's decision to remove Cyrus Mistry as the executive chairman of Tata Sons. Soon after, Ratan Tata, chairman emeritus of Tata Sons, expressed his “grateful appreciation” to the apex court for ruling. In March last …

Supreme Court Dismisses Review Plea Of SP Group Against Tata Sons Judgment; Agrees To Expunge Few Remarks Against Cyrus Mistry
2 years, 7 months ago

Supreme Court Dismisses Review Plea Of SP Group Against Tata Sons Judgment; Agrees To Expunge Few Remarks Against Cyrus Mistry

Live Law  

The Supreme Court on Wednesday dismissed the review petition filed by Shapoorji Pallonji Group challenging the order dated 26.03.2021 wherein the Apex Court allowed Tata Son's appeal against the NCLAT order to reinstate the ousted Chairman Cyrus Mistry. The present legal battle has its genesis in the company petitions filed by Shapoorji Pallonji Group under Sections 241 and 242 of …

Supreme Court dismisses plea to review decision on removal of Cyrus Mistry as Tata Sons head
2 years, 7 months ago

Supreme Court dismisses plea to review decision on removal of Cyrus Mistry as Tata Sons head

India TV News  

Highlights The Supreme Court of India dismissed a plea of Shapoorji Pallonji group today Plea was seeking review of 2021 verdict which upheld Tata group's decision to remove Cyrus Mistry Bench headed by Chief Justice ordered deletion of certain remarks made against Cyrus Mistry in 2021 The Supreme Court on Thursday dismissed a plea of the Shapoorji Pallonji group seeking …

Tata Sons v Cyrus Mistry : Supreme Court Agrees To Hear SP Group's Review In Open Court; Justice Ramasubramanian Dissents
2 years, 10 months ago

Tata Sons v Cyrus Mistry : Supreme Court Agrees To Hear SP Group's Review In Open Court; Justice Ramasubramanian Dissents

Live Law  

On Tuesday, the Supreme Court had agreed to hear the review plea filed by Shapoorji Pallonji Group challenging the order dated 26.03.2021 wherein the Apex Court allowed Tata Son's appeal against the NCLAT order to reinstate the ousted Chairman Cyrus Mistry. The present legal battle has its genesis in the company petitions filed by Shapoorji Pallonji Group under Sections 241 …

The secret history of the Tata, Mistry, Wadia feud
3 years, 5 months ago

The secret history of the Tata, Mistry, Wadia feud

Live Mint  

Most shell-shocked of all, and divided on the issue of the Tata–Mistry–Wadia confrontation, is the country’s minuscule, closely-knit Parsi community. Many Parsis thought that the feuding plutocrats, by washing their dirty linen in public, had stained the iconic Tata group’s unblemished 150-year-old reputation in India for its excellence and ethical probity. Fali Nariman, one of the country’s most respected lawyers …

SC sets aside NCLAT order reinstating Mistry; rules in favour of Tata Group
3 years, 9 months ago

SC sets aside NCLAT order reinstating Mistry; rules in favour of Tata Group

Hindustan Times  

The Supreme Court on Friday set aside the 2019 order of the National Company Law Appellate Tribunal by which Cyrus Mistry was reinstated as the executive chairman of the over $100 billion Tata Sons. The court also negated the NCLAT’s finding regarding “oppressive” practices resorted to by the Tata Sons Pvt Ltd in removing Mistry as the chairman of Tata …

Supreme Court backs Tata Sons, sets aside NCLAT order to reinstate Cyrus Mistry as chairman
3 years, 9 months ago

Supreme Court backs Tata Sons, sets aside NCLAT order to reinstate Cyrus Mistry as chairman

The Hindu  

The Supreme Court on Friday ruled completely in favour of multi-billion salt-to-software conglomerate, Tata Sons Private Limited, by setting aside a National Company Law Appellate Tribunal decision to reinstate minority shareholder Shapoorji Pallonji group’s scion, Cyrus Mistry, as its Executive Chairman. “It is interesting to note that at the time of his appointment in December 2012, what Mistry saw and …

Supreme Court upholds Tata Sons' appeal in Mistry case, sets aside NCLAT order
3 years, 9 months ago

Supreme Court upholds Tata Sons' appeal in Mistry case, sets aside NCLAT order

Hindustan Times  

In a major victory for the Tata Group, the Supreme Court on Friday set aside the National Company Law Appellate Tribunal order restoring Cyrus Mistry as the executive chairman of Tata Sons. Former Tata Group chairman Cyrus Mistry A bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian said it is allowing the appeals filed by …

Supreme Court Allows Tata Sons Appeal Against NCLAT Order To Reinstate Cyrus Mistry As Chairman
3 years, 9 months ago

Supreme Court Allows Tata Sons Appeal Against NCLAT Order To Reinstate Cyrus Mistry As Chairman

Live Law  

In a big win for Tata Sons Ltd, the Supreme Court on Friday allowed its appeal against the order of the National Company Law Tribunal, which had ordered to reinstate the ousted Chairman Cyrus Mistry.The Court allowed the appeal of Tata Sons, answering all questions of law framed in the case in its favour, and set aside the NCLAT order. …

Setback for Cyrus Mistry as Supreme Court sets aside NCLAT order to reinstate him as Tata Group's chairman
3 years, 9 months ago

Setback for Cyrus Mistry as Supreme Court sets aside NCLAT order to reinstate him as Tata Group's chairman

India TV News  

The Supreme Court on Friday set aside the National Company Law Appellate Tribunal order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group. The NCLAT in its 2019 order reinstated Mistry as Tata Group chairman and also termed N Chandrasekaran’s appointment to the chairman's post of the over USD 100 billion salt-to-software conglomerate as 'illegal'. Shapoorji …

Tata-Mistry dispute: SC upholds Cyrus Mistry's ouster from Tata Sons
3 years, 9 months ago

Tata-Mistry dispute: SC upholds Cyrus Mistry's ouster from Tata Sons

India Today  

The Supreme Court on Friday upheld the ouster of Cyrus Mistry as executive chairman of Tata Sons in connection with the dispute between Tata Sons Pvt Limited and Cyrus Investments Pvt Ltd. A three-judge bench, headed by Chief Justice of India SA Bodbe, gave its verdict on the basis of cross-appeals filed by the two entities on the 2019 National …

Tata-Mistry dispute: Complete chronology of events
3 years, 9 months ago

Tata-Mistry dispute: Complete chronology of events

India Today  

Following is the chronology of developments in the Tata-Mistry case in which the Supreme Court on Friday set aside the NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group: October 24, 2016: Cyrus Mistry ousted as Tata Sons chairman, Ratan Tata named as an interim Chairman of the group. December 20: Two Mistry family backed investment firms, Cyrus …

Supreme Court to Deliver Judgement on Cross Appeals in Tata Sons-Cyrus Mistry Case on Friday
3 years, 9 months ago

Supreme Court to Deliver Judgement on Cross Appeals in Tata Sons-Cyrus Mistry Case on Friday

News 18  

The Supreme Court is scheduled to pronounce on Friday its judgement on the cross appeals filed by Tata Sons Pvt Ltd and Cyrus Investments Pvt Ltd against the NCLAT order which had restored Cyrus Mistry as the executive chairman of the over $100 billion salt-to-software Tata conglomerate. Shapoorji Pallonji Group had told the top court On December 17 that removal …

Tata Sons v. Cyrus Mistry: Supreme Court To Pronounce Judgment Tomorrow
3 years, 9 months ago

Tata Sons v. Cyrus Mistry: Supreme Court To Pronounce Judgment Tomorrow

Live Law  

The Supreme Court will pronounce the judgment in Tata Son's appeal against the NCLAT order dated 18th December 2019 which reinstated Cyrus Mistry as the Executive Chairman of Tata Sons Pvt. On December 18, 2019, The National Company Law Appellate Tribunal restored Cyrus Mistry as the Executive Chairman of Tata Group. Allowing Mistry's appeal, the Appellate Tribunal had set aside …

Tata Sons v. Cyrus Mistry: Supreme Court Reserves Judgemnt
4 years ago

Tata Sons v. Cyrus Mistry: Supreme Court Reserves Judgemnt

Live Law  

The courtroom battle in the matter of Tata Sons v. Cyrus Mistry reached day 7 of continuous hearings by the parties. Mr. Divan presented the following series of events which points out the arbitrary removal of Mr. Mistry which was primarily influenced by external interference of Mr. Ratan Tata in the capacity of a shareholder: 13 December 2012 : Mr. …

Tata Sons' Process Of Removal Of Cyrus Mistry Against Corporate Democracy: Divan Argues In Supreme Court
4 years ago

Tata Sons' Process Of Removal Of Cyrus Mistry Against Corporate Democracy: Divan Argues In Supreme Court

Live Law  

The courtroom battle in the Tata Sons case reached to day 6 of continuous hearings by the parties. First, 10 main aspects relating to corporate governance and relationship between the SPG and Tata Sons; second, two Articles from the AoA and three, statutory provisions of the Companies Act, 2013. Mr. Divan began with arguing on the point of corporate governance …

Tata-Mistry Row: SC Draws Analogy Between Politics and Corporate on Issue of Interference
4 years ago

Tata-Mistry Row: SC Draws Analogy Between Politics and Corporate on Issue of Interference

News 18  

The Supreme Court on Tuesday drew an analogy between politics and the corporate governance to question Shapoorji Pallonji Group's allegation of interference by trustees in running the affairs of Tata Sons, saying whether pre-consultation with party colleagues by a Chief Minister before a cabinet meeting amounted to loss of independence. The top court was hearing on the fifth day the …

Ratan Tata's Affidavit Shows That Tata Sons Is Not Meant To Be A Family Run Company : Cyrus Mistry's Lawyer In SC
4 years ago

Ratan Tata's Affidavit Shows That Tata Sons Is Not Meant To Be A Family Run Company : Cyrus Mistry's Lawyer In SC

Live Law  

The courtroom battle in the Tata Sons case reached to day 5 of continuous hearings by the parties. Mr. Sundaram tendered his arguments on three main points: first, the interpretation of Article 121 and 121A of the Articles of Association of Tata Sons; second, independence of the Board of Directors and third, the nature of relationship with reference to quasi …

Tata rejects Mistry family’s share swap offer
4 years ago

Tata rejects Mistry family’s share swap offer

Live Mint  

The Tata group on Thursday rejected Mistry family’s offer to swap its 18.4% stake in Tata Sons Limited for equitable stakes in various group companies. Salve further told the court that the Tata group was principally against the Mistry separation plan since it was based on minority oppression and a buyout of the stake by Tata group may become tenable …

Tata's Counters Mismanagement Claims in SC, Says Shapoorji Pallonji Group Valuation Rose
4 years ago

Tata's Counters Mismanagement Claims in SC, Says Shapoorji Pallonji Group Valuation Rose

News 18  

The Tatas on Wednesday countered in the Supreme Court, the accusation of mismanagement of Tata Sons and said that even according to the claim of Shapoorji Pallonji group valuation of their 18.37 per cent stake in the company rose from 58,000 crore in 2016 to Rs 1.75 lakh crore in 2020. On Tuesday, Tatas said the valuation of 18.37 per …

Tata Sons v Cyrus Mistry : NCLAT Has No Power To Appoint Chairman, Submits Salve
4 years, 1 month ago

Tata Sons v Cyrus Mistry : NCLAT Has No Power To Appoint Chairman, Submits Salve

Live Law  

The bench headed by Chief Justice S. A. Bobde heard Senior Advocate Harish Salve for Tata Sons. Tata Sons hold controlling stake in many listed companies of Tatas, like Tata Steel, Tata Chemicals etc", submitted Mr. Salve. "Of course, in that case it can be- If the nominees of Tata Sons and the independent and financial directors of the other …

Tata, Mistry spar over a $13 billion valuation difference
4 years, 1 month ago

Tata, Mistry spar over a $13 billion valuation difference

Live Mint  

A $13 billion valuation mismatch is setting the stage for the next round of clash between the Tata group and billionaire Pallonji Mistry’s conglomerate. Mistry’s Shapoorji Pallonji Group had made a truce offer to swap its Tata Sons stake for shares worth $24 billion in the listed Tata firms. Salve was informing the court about Tata Sons’ financial health and …

Supreme Court Fixes Final Hearing in Tata-Mistry Case on December 2
4 years, 1 month ago

Supreme Court Fixes Final Hearing in Tata-Mistry Case on December 2

News 18  

The Supreme Court Wednesday listed for final hearing on December 2 the cross appeals filed by Tata Sons and Cyrus Investments against appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate. The top court had on September 22 restrained Shapoorji Pallonji Group and Cyrus Mistry as also …

Shapoorji Pallonji Group Wants Stakes In All Tata Group Companies As Part Of The Settlement
4 years, 2 months ago

Shapoorji Pallonji Group Wants Stakes In All Tata Group Companies As Part Of The Settlement

ABP News  

Shapoorji Pallonji Group has sought to swap its stake in Tata Sons, which his group values at $24 billion, for shares in the listed companies of India's biggest conglomerate as the former partners move to break ties, four years after Cyrus Mistry was ousted as chairman of Tata Group.The SP Group has told the Supreme Court that it estimates its …

Mistry firms offer cashless separation to Tatas in lieu of stake in group firms
4 years, 2 months ago

Mistry firms offer cashless separation to Tatas in lieu of stake in group firms

Live Mint  

Mumbai: Mistry family controlled Shapoorji Pallonji group, which owns 18.4% stake in Tata Sons, on Thursday filed a scheme of separation in Supreme Court proposing to swap its entire holding in the group holding company for equivalent shares in listed entities of Tata group and along with a pro-rata share of Tata brand value payable by cash or listed securities. …

Time to separate: Mistry to Tata
4 years, 3 months ago

Time to separate: Mistry to Tata

Live Mint  

The Shapoorji Pallonji group unexpectedly said it will end its seven decades-long partnership with the Tata group, hinting that it is willing to part with its 18.4% stake in Tata Sons Ltd after India’s biggest conglomerate offered to buy it back from its largest minority shareholder as part of a plan to end the country’s biggest corporate feud. The Shapoorji …

"Time To Separate": Shapoorji Pallonji Group Agrees To Exit Tata Sons
4 years, 3 months ago

"Time To Separate": Shapoorji Pallonji Group Agrees To Exit Tata Sons

ABP News  

Shapoorji Pallonji group which owns about 18.5% stake in Tata Sons, announced its separation from the group today saying, "a separation of interests would best serve all stakeholder groups. "In a statement issued on Tuesday, Shapoorji Pallonji, the largest minority shareholder in Tata Group said that the it is necessary for the Mistry group to part ways with it due …

In parting letter, Mistrys accuse Tata leadership of value destruction
4 years, 3 months ago

In parting letter, Mistrys accuse Tata leadership of value destruction

Live Mint  

While announcing its decision to end its 70-year-long partnership with Tata Group, the Shapoorji Pallonji Group once again raised concerns on alleged corporate governance violations in the Tata Group, in which it remains the single largest shareholder of Tata Sons, the group holding company. “ As the largest minority shareholder owning an 18.37% stake, the role hitherto played by the …

Shapoorji Pallonji Group Exits Tata Group, Says Separation of Interest Best for Each Party
4 years, 3 months ago

Shapoorji Pallonji Group Exits Tata Group, Says Separation of Interest Best for Each Party

News 18  

Shapoorji Pallonji Group, the largest minority shareholder in Tata Group, is all set to part ways with it. In a statement, the Mistry group, which owns 18.5% stake in Tata Sons, said a separation from the Tata Group is necessary due to the potential impact this continuing litigation could have on livelihoods and the economy. As the largest minority shareholder …

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