From taking over the reins of the Tata group to his sudden exit, Cyrus Mistry’s life was a roller-coaster ride that ended abruptly - Issue Date: Oct 02, 2022
Tata Vs Mistry: Shapoorji Pallonji Group challenges SC verdict, files review petition
Tata Vs Mistry: Shapoorji Pallonji Group challenges SC verdict, files review petition
The Shapoorji Pallonji Group has filed a review petition against the Supreme Court order upholding the ouster of Cyrus Mistry as executive chairman of Tata Sons.
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UPDATED: April 26, 2021 11:37 IST
The Supreme Court had set aside the NCLAT order that asked Tata Sons to resintate Cyrus Mistry as the executive chairman of the company. (Photo: Getty Images)
The Shapoorji Pallonji (SP) Group has filed a review petition in Supreme Court challenging the March 26 verdict in connection with the dispute between Tata Sons and Cyrus Mistry. The top court has ruled in favour of Tata Sons, upholding the ouster of Cyrus Mistry as the executive chairman of the company.
Tata-Mistry row: Shapoorji Pallonji Group files review petition against SC verdict
On March 26, the apex court had set aside the NCLAT order from December 2019 asking the Tata conglomerate to reinstate Cyrus Mistry as the executive chairman of the company
BusinessToday.In | April 25, 2021 | Updated 22:48 IST
Shapoorji Pallonji Group has reportedly filed a review petition in Supreme Court against its March 26 verdict in the dispute between Tata Sons and Cyrus Mistry.
The development is yet to be confirmed by either party.
On March 26, the apex court had set aside the NCLAT order from December 2019 asking the Tata conglomerate to reinstate Cyrus Mistry as the executive chairman of the company. A bench headed by Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian answered all legal questions involved in the favour of Tata Sons.
Upholding the ‘right of refusal’
April 04, 2021
A general understanding of the ‘Right of first refusal’ and the power of the Board to refuse registration of transfer could be gained from the decision of the Company Law Board in Satyanarayana Rathi Vs Annamalayar Textiles (P) Ltd, (1999) - Getty Images
A general understanding of the ‘Right of first refusal’ and the power of the Board to refuse registration of transfer could be gained from the decision of the Company Law Board in Satyanarayana Rathi Vs Annamalayar Textiles (P) Ltd, (1999) - Getty Images×
Restrictions imposed by its Articles of Association binds a company more than other agreements with members