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  Business   Companies  18 Dec 2019  NCLAT restores Cyrus Mistry as Tata Sons Chairman

NCLAT restores Cyrus Mistry as Tata Sons Chairman

PTI
Published : Dec 18, 2019, 3:31 pm IST
Updated : Dec 18, 2019, 4:12 pm IST

The NCLAT however stayed the operation of the order with respect to reinstatement for four weeks to allow Tatas to appeal.

Cyrus Mistry, a scion of wealthy Shapoorji Pallonji family, was in a coup removed as Chairman of Tata Sons in October 2016. (Photo: File)
 Cyrus Mistry, a scion of wealthy Shapoorji Pallonji family, was in a coup removed as Chairman of Tata Sons in October 2016. (Photo: File)

New Delhi: In a big win for Cyrus Mistry, the National Company Law Appelate Tribunal on Wednesday ordered restoration of him as the Executive Chairman of Tata Sons.

NCLAT also held appointment of N Chandra as Executive Chairman illegal.

 

Tags: cyrus mistry, tata sons, tata group, ratan tata, n chandra, national company law appelate tribunal
Location: India, Delhi, New Delhi