The tribunal also blamed Mistry for “leaking” confidential information pertaining to the group to the I-T department soon after his ouster as the chairperson.
The samiti has its premises near the Tata Memorial Hospital in Mumbai and has been serving cancer patients from the facility. Tata has visited the premises and is aware of the NGO’s work, the Sangh functionary said.
In its ruling, the tribunal said it was not accepting Mistry’s contentions that his removal was due to the result of mismanagement by the board and oppression of minority shareholders of the group.
National Company Law Tribunal (NCLT) on Monday dismissed the pleas of Cyrus Mistry challenging his removal as Chairman of Tata Sons.
On April 17 last year, the Mumbai bench of the NCLT rejected the waiver plea filed by the investment firms while on March 6, it had set aside the one over maintainability.
Tata Nano, which was launched in 2009 with a motive of giving a safer and affordable alternative to families riding on two-wheelers, has sold just three units last month in the domestic market.
Shah had presented a booklet containing the achievements of the BJP-led central government in the last four years to the Bollywood icon during the meeting that lasted for 40 minutes.
Ratan Tata ‘testified to the police regarding suspicions that he was involved in a case in which the PM is alleged to have received gifts valued at hundreds of thousands of shekels,’ The Times of Israel said
Cyrus Mistry sent a text to his wife Rohiqa saying “I am being sacked”, before the Tata Board meeting, reveals former Tata executive
‘Last Night I read a book on Leadership in 50 seconds!’
Saurabh Agrawal will join Tata Sons with effect from July 2017, the company said in a statement.
Ratan Tata today launched TeamIndus Foundation’s ‘Moonshot Wheels’ – a bus which will traverse the country with an aim to inspire the next generation about India’s first private moon mission.
N Chandrasekaran is the first non-Parsi to be appointed for the top post at Tata Sons.
N Chandrasekaran was appointed the Chairman of Tata Sons, capping two months of the most bitter boardroom battle in the corporate history
Tata, 78, asked employees to put the events behind and re-dedicate themselves to re-establishing the Tata Group’s leadership.