Tata Mistry Dispute: Supreme Court tightens NCLAT's decision
The Supreme Court on Friday stayed the NCLAT’s decision to quash the petition of the Registrar of Companies in the Tata Sons case. Also, an appeal in this regard was made by Tata Sons. The petition of the Registrar of Companies in the Tata Sons case was rejected by the National Company Law Appellate Tribunal on 6 January. The Registrar of Companies was appealing to the NCLAT to remove the word ‘unlawful and with the help of the Registrar of Companies’ from its decision to make Tata Sons a private company.
The NCLAT refused to remove these words. Chief Justice SA Bobde, Judge BR Gavai, and Suryakant have agreed to hear the appeal of Tata Sons Pvt Ltd and have issued notices to the parties concerned. The Supreme Court has said that it will hear the case along with the main petition filed by Tata Sons against the decision of NCLAT.
Earlier on January 10, the Supreme Court also stayed the decision to reinstate Cyrus Mistry as the executive chairman of the Tata Group. The decision of NCLAT was stayed by the bench of Justice SA Bobde. The bench had said that the NCLAT gave Mistry as much relief as he had not asked for. In October 2016, Cyrus Mistry was being removed as the Chairman of the Tata Group by Tata Sons.