Tata Sons moves Supreme Court against the Cyrus Mistry's reappointment
New Delhi : Tata Sons on Thursday reached Supreme Court to challenge the reappointment of Cyrus Mistry as the executive chairman of the group by company law tribunal NCLAT last month.
The NCLAT had passed an order on December 18 to restore Cyrus Mistry as the executive chairman of the company. The sudden order came three years after he was sacked from the company, following which Ratan Tata had come back as interim chairman.
In its petition, Tata Sons sought a stay on the company law tribunal's order.
Cyrus Mistry launched legal proceedings against Tata Sons after his removal from the company as well as it declaring the selection and appointment of N Chandrashekaran as chairperson as illegal.
In July last year, the National Company Law Tribunal dismissed Mr Mistry's plea challenging his removal as chairman of Tata Sons. The NCLT held that the Tata Sons board was competent to remove him as executive chairman and that he was ejected as the board members had lost confidence in him.
The board members of Tata Sons had removed Cyrus Mistry from the post in October 2016, four years after he had taken over the post from Ratan Tata.