NCLT rejects Mistry firms' contempt plea

The National Company Law Tribunal (NCLT) on Wednesday dismissed a contempt petition filed by two Cyrus Mistry family companies against Tata Sons and its directors, alleging violation of NCLT directives in taking steps to remove him from the board of Tata Sons.

The bench, however, gave liberty to the Mistry family companies to file an affidavit within three days on the issue of Tata Sons holding EGM on February 6. Pronouncing the operative part of the order, a division bench of NCLT said, “the contempt petition is dismissed.”

The bench was of the view that the action of Tata Sons did not amount to contempt of court.

In their petition, Cyrus Investments and Sterling Investment had also sought injunction against the Tata Sons.