The Supreme Court today issued a ruling in favor of Tata Sons and Ratan Tata

 Tata company case result from supreme court

Tata company news 26th March 2021
Tata company news 26th March 2021
The Supreme Court today issued a ruling in favor of Tata Sons and Ratan Tata, in support of the dismissal of Cyrus Mistry as Executive Chairman of the salt-powered Tra Conglomerate.

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The Supreme Court today issued a ruling in favor of Tata Sons and Ratan Tata, in support of the dismissal of Cyrus Mistry as Executive Chairman of the salt-powered Tra Conglomerate. The Supreme Court rejected Cyrus Mistry's application and rejected the order of the NCLAT (National Company Law Appellate Tribunal). 

Who gave the decisuon in supreme  court for tata company?
A bench headed by Indian Chief Justice S Bodbe, and comprising Judge A S Bopanna and Justice V Ramasubramanian had withheld the decision in early December on various claims made by Tata Sons and Cyrus Mistry's Cyrus Investments Pvt Ltd.

When this battle of two parties began in TATA  company ?The ruling comes in the wake of a long legal battle between the two parties that began in 2017 after Cyrus Misery was removed as the Executive Chairman of Tata Sons Ltd after more than four years in his administration. 

Are TATA  sons fully free from the case?what was the case filled in supreme court for tata company?

Mistry had spoken to the Mumbai bench of the NCLT (National Company Law Tribunal) in early 2017 that his release was legal. However, in 2019 the NCLAT (National Company Law Appellate Tribunal) changed the order of the NCLT. It has ruled that Cyrus Mistry should be reinstated as the Executive Chairman of a $ 100 billion organization.

Both cases went to the Supreme Court earlier last year. Tata Sons completely opposed the NCLAT decision, saying NCLAT provided unsolicited assistance to the opposition party. Meanwhile, Cyrus Mistry's Shapoorji Pallonji Group has demanded representation on the Tata Sons board. Shapoorji Pallonji Group owns 18.3% stake in Tata Sons for various services.

Cyrus Mistry was elected Executive Chairman of Tata Sons in 2012, succeeding Ratan Tata. Following the removal of Mistry from office, N Chandrasekaran was appointed as the company's CEO.

The Supreme Court today issued a ruling in favor of Tata Sons and Ratan Tata.

Highlights: No change in RBI Monitory Policy of 7th April 2021 for this Quarter.

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