SC reserves judgment in Tata-Mistry case

New Delhi

A bench comprising Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian asked the parties to file compiled written submissions and subject index in the matter.

During the hearing conducted through video-conferencing, Shapoorji Pallonji (SP) Group claimed there was breach of Articles of Association and provisions of the Companies Act in the removal of Cyrus Mistry as the chairman of Tata Sons in October 2016.

The Tatas denied the allegations and claimed there was no wrong doing as they were well within their rights to remove Mistry.

The apex court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year by which Mistry was restored as the executive chairman of the conglomerate. Mistry had succeeded Ratan Tata as chairman of Tata Sons in 2012 but was ousted four years later on October 24, 2016.

The top court on May 29 had issued notice to Tata Sons and others on a cross-appeal filed by Cyrus Investments Pvt Ltd. Tata Sons had earlier told the top court it was not a ‘‘two-group company’’ and there was no ‘‘quasi-partnership’’ between it and Cyrus Investments Pvt Ltd.