Tata vs Mistry case | Supreme Court draws analogy between politics and corporate on issue of interference
The top court was hearing on the fifth day the cross appeals filed by Tata Sons and Cyrus Investments against appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the over $100 billion salt-to-software Tata conglomerate.
PTI
Supreme Court of India.
The Supreme Court Tuesday drew an analogy between politics and the corporate governance to question Shapoorji Pallonji (SP) Group's allegation of interference by trustees in running the affairs of Tata Sons, saying whether pre-consultation with party colleagues by a Chief Minister before a cabinet meeting amounted to loss of independence. The SP Group alleged that there was interference by the stakeholder trustee directors in the running of the Tata Sons, the act, which is best left for the board of directors.