Tata Sons’ chairman N Chandrasekaran is likely to get a second term. Should you care?
A bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian said it is allowing the appeals filed by Tata Group.
The National Company Law Appellate Tribunal had restored him as the executive chairman of Tata Sons.
The ousted Tata Sons chairman said he has taken the decision in the overall interest of the Tata group.
In a big win for Mistry, the NCLAT had restored him as executive chairman of Tata Sons.
Tata Sons says it will take appropriate legal recourse against the NCLAT judgement that reinstates Mistry at the helm of the company
The bench said it would decide over the issue of conversion of Tata Sons to a private company at later stage during the pendency of appeal.
Mistry is said to have been caught unawares when there was a “knock on the door, and to his surprise, enter his predecessor, Ratan Tata..."
He also alleged that "the practice of lending without adequate risk assessment" particularly in Nano and small commercial vehicle segment (SCV) caused huge NPA loss to the tune of Rs 4,000 crore to the company and Tata Motor Finance
Tata rebuts Mistry, says letter contains 'unsubstantiated claims and malicious allegations'
Unlike Mistry's business-like attitude and strategy, Tata is expected to take a more compassionate approach
Mistry was handed over a group that was in bad shape. Did he have a choice but to take tough decisions?
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