Home Business Tata Sons Cannot Force Cyrus Mistry To Sell His Shares: Tribunal

Tata Sons Cannot Force Cyrus Mistry To Sell His Shares: Tribunal

1 min read
0
0
117

New Delhi: In a partial relief to Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares. However, the two-judge bench headed by Justice S.J. Mukhopadhyaya, declined Mistry’s appeal to stay the conversion of Tata Sons into a private company. The court said it will decide on conversion of Tata Sons into a private company after the final hearing on September 24.

Further, NCLAT has admitted Mistry’s appeal against his removal from the post of Tata Sons’ Chairman in 2016. The appeal was against the order of the NCLT, Mumbai bench

Load More Related Articles
Load More By News 365
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Guha ‘poor taste’ tag on own beef tweet

Historian Ramachandra Guha has deleted his Twitter post where he had uploaded a picture of…