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Supreme Court stays NCLAT order reinstating Mistry in Tata Co
After intense arguments, the Supreme Court on Friday stayed the NCLAT order reinstating Cyrus Mistry as executive chairman of the Tata Group, saying “the tribunal granted a prayer, which was never made.”
By
migrator
migrator
New Delhi
A bench headed by Chief Justice SA Bobde and comprising Justices BR Gavai and Surya Kant said the NCLAT seemed to have committed a basic error in adjudicating the matter, as there was no prayer made for reinstatement of Mistry.
“Our first impression of the NCLAT judgement is not very good. The decision suffers from basic error, and we will hear the matter in detail,” said the Chief Justice.
The apex court observed that the tribunal has no powers to pass such a direction.
Tata Sons, the holding company that deals with business from salt-to-software consultancy, moved the apex court challenging the reinstatement of Mistry.
The December 18 NCLAT judgement against the Tata Group had come down with a heavy hand at the prejudicial and oppressive manner in which the majority mindset of Tata Sons operated against the minority (Shapoorji Pallonji Group) and public shareholders of Tata
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