Pinnacle Court rejects order to review removal of Cyrus Mistry as Tata Sons head

19-05-2022

The apex court had also dismissed a plea of Shapoorji Pallonji Group seeking the separation of ownership interests in Tata Sons Pvt Ltd

The Supreme Court Thursday dismissed a plea of the Sapoorji Pallonji (SP) group seeking a review of the 2021 verdict which had upheld the Tata group's decision to get rid of Cyrus Mistry because the executive chairman of the Tata Sons.

A bench headed by judge N V Ramana, however, ordered the deletion of certain remarks made against Cyrus Mistry within the March 2021 verdict.

Senior advocate Harish Salve, appearing for the Tata group, said the court may permit the deletion of 1 or some sentences not for the explanations given within the application of the Sapoorji Pallonji (SP) group.

The top court on March 26, 2021, had put aside a National Company Law Appellate Tribunal (NCLAT) order restoring Mistry because the executive chairman of USD 100-billion salt-to-software conglomerate.

The apex court had also dismissed a plea of Shapoorji Pallonji Group seeking the separation of ownership interests in Tata Sons Pvt Ltd (TSPL).

Mistry had succeeded Ratan Tata because the chairman of TSPL in 2012 but was ousted four years later.