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REDDYANDREDDYASSOCIATES 55dafb5d4ec0a407c44969ae Services https://www.reddyandreddylawfirm.com

Supreme Court accepts Cyrus Mistrys’ plea against ...

  • 2020-06-02T11:56:07

Supreme Court accepts Cyrus Mistrys’ plea against NCLAT Order The Supreme Court on 30th May 2020, agreed to hear a plea by Cyrus Mistry against the judgment of December 18th 2019, whereby NCLAT held that the decision to remove Cyrus Mistry as Tata Sons chairman was illegal, and he should be reinstated as the chairman and as director of three other group firms. Under the plea, Mistry sought more relief from the NCLAT saying the order did not do full justice in the order. As per Mistry, the NCLAT should have granted protection to the Pallonji Group against future prejudicial conduct. He further added that it was within the jurisdiction of the NCLAT to strike down the Articles of Association and that Shapoorji-Pallonji group should be given proportionate representation on the Tata Sons Board, as it is the single largest Non-Tata shareholder with 18.37% stake. Reddy & Reddy Law Firm actively represents clients in matters related to Company Law.

Supreme Court accepts Cyrus Mistrys’ plea against NCLAT Order The Supreme Court on 30th May 2020, agreed to hear a plea by Cyrus Mistry against the judgment of December 18th 2019, whereby NCLAT held that the decision to remove Cyrus Mistry as Tata Sons chairman was illegal, and he should be reinstated as the chairman and as director of three other group firms. Under the plea, Mistry sought more relief from the NCLAT saying the order did not do full justice in the order. As per Mistry, the NCLAT should have granted protection to the Pallonji Group against future prejudicial conduct. He further added that it was within the jurisdiction of the NCLAT to strike down the Articles of Association and that Shapoorji-Pallonji group should be given proportionate representation on the Tata Sons Board, as it is the single largest Non-Tata shareholder with 18.37% stake. Reddy & Reddy Law Firm actively represents clients in matters related to Company Law.

  • 2020-06-02T11:56:07

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