Curtains appear to have fallen, perhaps momentarily, on months of unsavoury intrigue and infighting at Tata Trusts, with a majority of trustees voting out Mehli Mistry, a long-time confidant of the late group patriarch Ratan Tata and an influential figure in the affairs of the trusts and the broader Tata group. Mistry’s ouster by majority … Read more
The Supreme Court on Friday upheld Tata Sons’ decision to sack Cyrus Mistry as chairman of the salt-to-software conglomerate. The court pronounced its judgment on the cross appeals filed by Tata Sons and Cyrus Investments against the National Company Law Appellate Tribunal (NCLAT) order which had restored Mistry as the executive chairman of the over … Read more
The Shapoorji Pallonji Group on Thursday said it has submitted a plan to Supreme Court to end its seven decades-old association with the Tata Group. The Mistrys have valued their holding in the Tatas at Rs 1.75 lakh crore, it informed the apex court, which is hearing the long-drawn legal battle between the two groups … Read more
The Shapoorji Pallonji group has sent a notice to the board of Tata Sons challenging its move to block the Mistry family as minority shareholders from pledging their shares to raise resources and threatened to seek damages individually and collectively from the directors. The notice has sought an explanation from the board members, particularly the … Read more