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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.
Read more about Tata vs Mistry: Shapoorji-Pallonji group files review petition in SC on Business Standard. In its March 26 verdict, the court had ruled in favour of the Tata group
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Should it matter what type of company it is when determining the duties of its directors? What is the fiduciary duty of nominee directors? And, do directors nominated by charitable trusts have a wider responsibility to the public than other directors?While the Supreme Court awarded a resounding win to Tata Sons in the oppression and mismanagement case filed against it by Cyrus MIstry, it left a few important questions on corporate go.
Should it matter what type of company it is when determining the duties of its directors? What is the fiduciary duty of nominee directors? And, do directors nominated by charitable trusts have a wider responsibility to the public than other directors?