Mistry moves NCLAT against Tata Sons' shareholder meet

Mistry moves NCLAT against Tata Sons' shareholder meet

Days after National Company Law Tribunal refused relief, ousted Tata Sons chairman Cyrus Mistry today moved the Appellate Tribunal seeking stay on the shareholder meeting of the Tata Group's holding company, called on February 6 to seek his removal.

The National Company Law Appellate Tribunal (NCLAT) has listed the petition for hearing tomorrow, according to the quasi-judicial body's agenda listing.

Two investment firms backed by the Mistry has moved the NCLAT through their law firm 'Jaitley and Bakshi'.

On January 31, the Mumbai bench of National Company Law Tribunal (NCLT) had refused to grant a stay on February 6 EGM.

"This issue was already decided in the last hearing when the contempt petition filed by two Mistry family companies was dismissed. There are no roadblocks for Tata Sons to hold the EGM. It can go ahead with the forthcoming EGM," had said a division bench of NCLT comprising B S V Prasad Kumar (Member-Judicial) and V Nallasenapathy (Member-Technical).

On January 18, NCLT had dismissed contempt plea filed by Mistry group companies alleging violation of NCLT directives in taking steps to remove Mistry from the Board of Tata Sons.

However, while dismissing contempt plea, NCLT had allowed Mistry companies to file an affidavit on the issue of Tata Sons holding EGM on February 6.

DH Newsletter Privacy Policy Get top news in your inbox daily
Comments (+)