SC stays NCLAT order of reinstatement of Cyrus Mistry as Tata Sons chairman

51

The Supreme Court on Friday stayed the National Company Law Appellate Tribunal (NCLAT) order reinstating Cyrus Mistry as chairman of Tata Sons.

The Apex Court also issued a notice to Mistry.

A bench of Chief Justice SA Bobde and Justices B R Gavai and Surya Kant was hearing a petition by Tata Sons challenging the NCLAT decision restoring Mistry as executive chairman of the Tata group.

Tata Sons last week approached the Top Court challenging the December 18 decision of NCLAT restoring Cyrus Mistry as the executive chairman of the Tata group

Cyrus Mistry was restored as the executive chairman of Tata Sons on December 18 by the he company law tribunal, three years after he was sacked at a board meeting.

Mistry had contested his removal as chairman in 2016.

The NCLAT, last month sided with Mistry, deeming the appointment of N Chandrasekaran as group chairman illegal.