Supreme Court rejects request to review removal of Cyrus Mistry from Tata Sons

In a push to the Mistry camp, the Supreme Court on Thursday dismissed review petitions filed by Cyrus Investments and Sterling Investments against the Supreme Court’s final order and March judgment last year, which allowed Tata Sons to remove Cyrus Mistry from the group’s chairmanship. In its judgment on Thursday, the court said no grounds had been laid for reconsideration of its earlier judgment.

Mistry replaced Ratan Tata as executive chairman of Tata Sons in 2012, but was ousted in October, four years later. In March 2021, the Supreme Court upheld the Tatas’ removal of Mistry and division of shares. The court, headed by then-Chief Justice of India SA Bob, quashed an order of the National Company Law Appellate Tribunal which upheld Mistry’s reinstatement by quashing the judgment of the National Company Law Tribunal.

The court rejected the Shapurji Palonji Group’s allegations of harassment and mismanagement against Tata Sons and the application to separate the ownership interests of Tata Sons.

The SP Group approached the Supreme Court in April 2021, seeking a review of the March 26 judgment.

The court also agreed to delete some of the comments made against Mistry, but directed that some objectionable paragraphs directed against the court be removed / revoked by Mistry in his expulsion application.

Welcoming the Supreme Court’s verdict, Tata Sons Chairman Emeritus Ratan Tata tweeted, “We would like to express our gratitude for the judgment passed and upheld by the Supreme Court today. It strengthens the values ​​and ethics of our judiciary. “

In a statement, Tata Sons welcomed the order “with humility”.

“It reaffirms the position of the Tata Group, which was upheld by a unanimous decision last year Tata Sons reiterates its commitment to nation building, and upholds the standards of governance and ethics that have guided the Tata Group in all of its business over the years, ”the statement said.

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