Cyrus Mistry appealed his removal as chairman in October 2016 to the National Company Law Appellate Tribunal (NCLAT), which ruled that the removal was illegal and that the company s affairs were managed in a way that was harmful and oppressive to its minority shareholders.
The untimely death of former Tata Sons chairperson Cyrus Mistry in a road accident in Maharashtra’s Palghar district has brought to fore his long-drawn legal feud with the Tata Group and Ratan Tata.
Tata Steel’s profit totalled ₹31,914 crore in the first nine months of this fiscal through March, higher than TCS’ ₹28,490 crore. Sustaining the run-rate, Tata Steel is expected to end the year with a higher profit than TCS for the first time in 14 years