Cyrus Mistry questions Tata numbers

Cyrus P Mistry, who was removed as the chairman of Tata Sons in 2016, has pointed to the poor performance of the Tata group under current chairman N. Chandrasekaran.

In an affidavit filed in the Supreme Court on Friday, Mistry claimed that the Tata Group had an adjusted net loss of Rs 13,000 crore in 2019 — the worst in three decades.

Mistry also demanded that group chairman emeritus Ratan Tata should reimburse all the expenses to Tata Sons since his departure in December 2012 in keeping with best global governance standards.

Mistry said this in his reply to the Tatas’ petition challenging his reinstatement by the National Company Law Appellate Tribunal (NCLAT) last December.