Tribunal dismisses RoC plea
The National Company Law Appellate Tribunal on Monday dismissed a petition filed by the Registrar of Companies (RoC) seeking modification of certain parts of its December 18 order that reinstated Cyrus Mistry as chairman of Tata Sons and as a director of three Tata group companies.
The RoC, which was seeking its impleadment in the suit filed by Mistry against his removal as chairman of the $111-billion Tata group in October 2016, wanted the appellate tribunal to expunge remarks that it believed cast aspersions on its role in granting permission to Tata Sons to convert from a public company to a private entity in August 2018.