scorecardresearch
Thursday, March 28, 2024
Support Our Journalism
HomeEconomyCyrus Mistry restored as Tata Sons chairman after three years

Cyrus Mistry restored as Tata Sons chairman after three years

The restoration of Mistry's position will be operational only after four weeks, the time allowed for Tata group to file an appeal, according to NCLAT order.

Follow Us :
Text Size:

New Delhi: In a big win for Cyrus Mistry, the National Company Law Appellate Tribunal on Wednesday ordered restoration of him as the Executive Chairman of Tata Sons.

NCLAT also held appointment of N Chandra as Executive Chairman illegal.

However, the tribunal said the restoration order will be operational only after four weeks, the time allowed to Tatas to file an appeal.

Mistry was ousted from the position in October 2016.


Also read: Tata Trusts faces a 120 billion rupees tax liability after exemptions cancelled


Disclosure: Tata Group’s chairman emeritus Ratan Tata is among the distinguished founder-investors of ThePrint. Please click here for details on investors.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular