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Cyrus Mistry seeks review of Supreme Court verdict in case against Tata Sons

URL copied Cyrus Mistry seeks review of SC verdict in case against Tata Sons The Shapoorji Pallonji Group has filed a review petition before the Supreme Court seeking review of its March 26 verdict in the dispute between Tata Sons Limited and Cyrus Mistry. The apex court had on March 26 set aside the National Company Law Appellate Tribunal (NCLAT) order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group. The last month s verdict ended nearly fiye-year old case put an end to the corporate war between Tata Group and the Mistrys. The top court in its order had said that all the questions of law are liable to be answered in favour of the appellants Tata Group and the appeals filed by the Tata Group are liable to be allowed and those by Shapoorji Pallonji Group are liable to be dismissed.

Tata Cyrus Mistry case verdict update, Cyrus Mistry Vs Ratan Tata, Cyrus Mistry company, Tata Group news

Tata Cyrus Mistry case verdict update, Cyrus Mistry Vs Ratan Tata, Cyrus Mistry company, Tata Group news
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Fresh IBC suspension due to COVID-19 may put brakes on stressed asset resolution

Fresh IBC suspension due to COVID-19 may put brakes on stressed asset resolution To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25 PTI | December 31, 2020 | Updated 14:56 IST Suspension of fresh proceedings under the insolvency law as well as the NCLT and the appellate tribunal switching to virtual hearings due to the coronavirus pandemic seem to have put the brakes on the pace of resolution process for stressed assets and realisation for creditors. To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25, when the nationwide lockdown was imposed to curb spreading of coronavirus infections. The suspension has been extended till March next year.

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