SC order putting stay on reinstatement of Cyrus Mistry in Tata Sons

SC order putting stay on reinstatement of Cyrus Mistry in Tata Sons Cyrus Mistry was removed as Executive Chairman in October 2016 after tak

Pratibha Goyal

Jan 15, 2020

Last update on Jan 15, 2020

SC order putting stay on reinstatement of Cyrus Mistry in Tata Sons Cyrus Mistry was removed as Executive Chairman in October 2016 after taking over in 2012 after Ratan Tata’s retirement. NCLAT, Mumbai had held that the board of directors of Tata Sons were not competent to remove Mistry as the executive chairman. The abrupt removal of Mistry from post of Executive Chairman and director was termed as illegal by NCLT. Accordingly NCLAT in its order dated 18th December 2019, stated that he was to be restored to his original position in Tata Group. Aggrievied by the order of NCLAT, Tata Sons moved to Supreme Court challenging the NCLAT’s order to restore Cyrus Mistry for his remaining term in Tata group and alleging his appointment as their successor illegal. [caption id="attachment_86361" align="aligncenter" width="384"]

SC order putting stay on reinstatement of Cyrus Mistry in Tata Sons[/caption] Extract of Order of Supreme Court putting stay on reinstatement of Cyrus Mistry in Tata Sons is given below.

Order

Permission to file appeals is granted.

Issue notice.

Until further orders, the operation of the impugned judgment shall remain stayed.

Learned counsel in the respective matters waive service of notice.

Learned senior counsel appearing on behalf of the appellant(s) state that the appellant(s) do not propose to take any steps to invoke Article 75 of the Articles of Association of Tata Sons Private Ltd.