After SC stay, Tata Consultancy says no NCLAT ruling impact on company

MUMBAI: India’s largest software exporter Tata Consultancy ServicesNSE -2.57 % (TCS) on Friday said it does not see any impact of the National Company Law Appellate Tribunal ruling removing N Chandrasekaran as its chairman.

The Supreme Court has given a “blanket stay” on the NCLAT order, the company’s Chief Executive and Managing Director Rajesh Gopinathan said.

“Absolutely not and as your are aware the matter has been referred to the SC. The company has also appealed, and the SC has granted a blanket stay and we don’t see any impact to the company from that,” he said when asked about the impact of the NCLAT order removing Chandrasekaran.