Tata-Mistry case: NCLAT adjourns hearing on Mumbai RoC’s plea to Friday

The National Company Law Appellate Tribunal (NCLAT), which heard a petition filed by the Registrar of Companies (RoC), Mumbai, in the Tata-Mistry case today, has adjourned the case till Friday. Separately, Tata Sons’ counsel informed the appellate tribunal that the group has moved the Supreme Court against NCLAT’s December 18 order.

A two-member bench headed by NCLAT Chairperson S J Mukhopadhaya has sought details from the Ministry of Corporate Affairs and clarifications on the paid-up capital requirement, among others.

The RoC had sought amendments in the December 18, 2019, judgement to “correctly reflect the conduct of RoC, Mumbai” and deletion of the word “illegal” in NCLAT’s order that reinstated Cyrus Mistry as the Executive Chairman of the Tata group.