NCLAT restores Mistry as Tata Group Executive Chairman

The National Company Law Appellate Tribunal (NCLAT) on Wednesday restored Cyrus Mistry as the executive chairman of Tata Sons, three years after the younger son of billionaire construction magnet Pallonji Mistry was removed in the ugliest boardroom battle of one of India’s largest business conglomerates.

The tribunal also ruled that the appointment of N Chandrasekaran as the head of the holding company was illegal.

The NCLAT held that Tata Sons’ chairman Ratan Tata’s actions against Mistry were “oppressive” and the company’s move to turn private “unlawful”, and gave the judgement for its reversal.