Tata Sons vs Cyrus Mistry: Here’s all that has happened so farhttps://indianexpress.com/article/india/tata-sons-vs-cyrus-mistry-heres-all-that-has-happened-so-far-5251907/

Tata Sons vs Cyrus Mistry: Here’s all that has happened so far

National Company Law Tribunal (NCLT) on Monday dismissed the pleas of Cyrus Mistry challenging his removal as Chairman of Tata Sons.

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Ousted Tata chairman Cyrus Mistry. (File Photo)

The National Company Law Tribunal (NCLT) on Monday dismissed the pleas of Cyrus Mistry challenging his removal as Chairman of Tata Sons.

Read | NCLT dismisses Cyrus Mistry’s plea against 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.

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2. October 25, 2016: Mistry writes to Tata Sons’ board accusing ‘shadow control’ by the Tata Trustees.

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Ratan Tata

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.

N. Chandrasekaran

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.

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