Pleading its case in the NCLAT, where the SP Group has challenged Mistry’s ouster, Sundaram also urged modification in Tata Sons’ AoA, particularly Article 75, which empowers it to ask minority shareholders to transfer their shares.
Mistry took over as Chairman of Tata Sons in 2012 but was ousted in a boardroom coup on October 24, 2016. Since his ouster, he has taken Tatas to courts over his sacking, and governance and ethics issues.
Mistry slammed AirAsia director R Venkataraman, who has along with chief executive Tony Fernandes been named by the CBI in the FIR, for using his name to cloak his alleged misadventures, and said individuals with "questionable motives" are bringing disrepute to the Tata brand.
Tata Sons Tuesday slapped a legal notice on its ousted chairman Cyrus P Mistry for alleged breach of confidentiality by making public sensitive company documents including minutes of board meetings, financial information and data. It termed attaching dozens of confidential and sensitive company documents with the petition filed by his family investment firms before the […]
After a bitter eight-week boardroom battle against Ratan Tata’s “illegal coup”, ousted Tata Group Chairman Cyrus P Mistry on Monday quit from the boards of six listed companies including Tata Motors and Indian Hotels and vowed to shift his fight to a “larger platform”.