The National Company Law Tribunal (NCLT) on Monday dismissed the pleas of Cyrus Mistry challenging his removal as Chairman of Tata Sons.
Following is the chronology in the Tata Sons-Cyrus Mistry case:
1. October 24, 2016: Tata Sons ousts Cyrus Mistry from the post of chairman; names Ratan Tata as interim chairman.
2. October 25, 2016: Mistry writes to Tata Sons’ board accusing ‘shadow control’ by the Tata Trustees.
3. December 19, 2016: Mistry resigns as director from all Tata group firms.
4. December 20, 2016: Mistry moves National Company Law Tribunal (NCLT) alleging oppression of minority shareholders and mismanagement.
5. January 12, 2017: Tata Sons names N Chandrashekaran as Chairman.
6. February 6, 2017: Mistry removed from the post of director of Tata Sons’ board.
7. September 21, 2017: Tata Sons’ board approves plan to become a private company.
8. June 12, 2018: NCLT sets July 4 as date of order.
9. July 4, 2018: NCLT defers judgement till July 9.
10. July 9, 2018: NCLT dismisses Cyrus Mistry’s pleas challenging his removal as chairman of Tata Sons. The tribunal says Mistry was removed as the board and its members lost confidence in him.