According to sources supreme court is likely to hear the petition by Tata Sons Private Ltd (TSPL), challenging the NCLAT decision restoring cyrus mistry as Executive Chairman of the Tata group, on january 10. According to the supreme court website, the petition is tentatively listed on january 10 and the website also mentioned that Cyrus Investments Pvt Ltd, cyrus mistry and other respondents have filed a caveat against the ex-parte order in the matter.

 

Furthermore it was expected that the appeal against the National Company Appellate Law Tribunal (NCLAT) decision would be mentioned for listing on monday after the court reopened after the winter break. But, it was not mentioned. Further the Tatas, in their petition, said the order by the NCLAT undermined corporate democracy, and also the rights of the board of directors and during the pendency of the petition in the apex court, Mistry, in a statement on sunday, said he is not interested in returning to the Tata Sons' chairmanship.

 

Moreover Mistry said: "To dispel the misinformation campaign being conducted, I intend to make it clear that despite the NCLAT order in my favour, I will not be pursuing the executive chairmanship of Tata Sons, or directorship of tcs, Tata Teleservices or Tata Industries." Mistry stated "In the last three years, both in conduct and in their statements to the world at large, the Tata Group's leadership has shown scant respect for the rights of minority shareholders. It is time the Group's management introspects and reflects on its conduct as it embarks on future actions."

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