Tata Sons Vs Cyrus Mistry
The Supreme Court continued final hearings in the dispute between Tata Sons and Shapoorji Pallonji Group, as the conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the Shapoorji Pallonji (SP) Group, was sacked as chairman of Tata Sons. The SP Group is the largest minority shareholder in Tata Group.
Both parties have challenged a December 2019 order of the National Company Law Appellate Tribunal (NCLAT) which had directed the reinstatement of Mr Mistry, who had alleged shareholder oppression and mismanagement at Tata Sons, as the chairperson of the Tata Group holding company.