Cyrus Mistry just employee: Tata Sons to contest in SC

The battle for control over the $110 billion multinational conglomerate Tata Sons is all set to shift to the Supreme Court as the group will be arguing that Cyrus Mistry became chairman by virtue of his employment and not by shareholding.

“He was hired after an executive search firm looked for a chairman globally. He wasn’t made chairman there because of his shareholding. That was just a cushion,” one of the Tata Sons’ board members told DH.

Multiple sources in the know confirmed that the group is planning to file the case in the Apex Court at the earliest, but the hearing is unlikely before January 6 next year, as the apex court has gone on its yearly vacation.