Lawstreet Journal

TATA-Mistry Case Timeline: SC Stays NCLAT Order Reinstating Cyrus Mistry As Executive Chairman Of Tata Sons

Lawstreet Journal 10 Jan 2020 10:31pm

Image courtesy: Lawstreet Journal Business TATA-Mistry Case Timeline: SC Stays NCLAT Order Reinstating Cyrus Mistry As Executive Chairman Of Tata Sons

After 4 years of ongoing legal tussle, the Tata-Mistry battle concluded in the Supreme Court today (January 10, 2020). The timeline of the events that transpired since the beginning of Mistry's reign in Tata Sons since 2012 is as follows:

December 2012: After Ratan Tata’s retirement, Cyrus Mistry was given the reins of the Tata group. In 2012, controversies started escalating after Cyrus took command.

October 2016: Shapoorji Pallonji Group head Cyrus Mistry engaged in a boardroom battle against Tata Sons over his unceremonious termination from the company’s board.

August 2018: Mistry moved to NCLAT to reverse his sacking after his appeals were turned down by the National Company Law Tribunal (NCLT). The appellate tribunal had admitted his appeal in August 2018. 

December 18, 2019: The NCLAT ordered restoration of Mistry as the Executive Chairman of the Tata Group. This judgement rendered N Chandrasekaran’s appointment as executive chairman of the company illegal. However, the appellate tribunal had granted Tata group four weeks to file an appeal before the Supreme Court against its judgement.

January 3, 2020: Ratan Tata also filed a petition in the Apex Court seeking to quash the tribunal’s order directing the group’s holding company Tata Sons to rehire the chairman it had fired in 2016. 

January 6, 2020: NCLAT refused to modify its judgment passed in the Tata-Mistry matter and dismissed the petition filed by the Registrar of Companies.

January 10, 2020: The Supreme Court stayed the National Company Law Appellate Tribunal (NCLAT) judgment which had paved the way for… Continue Reading...

Tagged: NCLAT   Tata-Mistry  
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