Mistry's ouster: Tatas file caveats in SC, HC and NCLT
Earlier in the day, interim Chairman Ratan Tata had asked senior management of the conglomerate's firms to focus on their businesses without being concerned about the top level change.
Tata group today filed caveats in Supreme Court, Bombay High Court and National Company Law Tribunal to prevent ousted Tata Sons Chairman Cyrus Mistry from getting an ex-parte order against his sacking.
According to sources, the Tatas don't want any court to pass any ex-parte orders without hearing their side of the story.
"They have pleaded to be heard before the court passes any interim order like stay on Mistry's sacking," a source said.
Earlier in the day, interim Chairman Ratan Tata had asked senior management of the conglomerate's firms to focus on their businesses without being concerned about the top level change.
In a sudden and dramatic turn of events, Mistry was yesterday sacked as Chairman of India's largest conglomerate Tata Group.
Separately, Mistry filed three caveats against Ratan Tata, Tata Sons, Sir Dorabji Trusts, while one caveat was filed by Cyrus Investments Pvt Ltd against Ratan Tata and Tata Sons. These caveats were filed through leading law firm Amarchand Mangaldas.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
04:40 PM IST