‘Miscarriage of justice’, claims SP group’s Tata-Mistry case review plea

In its review petition filed in the Supreme Court, the SP group has said Indian law permits “patent errors” apparent on the face of the record to be rectified. As the rights of minority shareholders will impacted by the SC order, it has moved the apex court.

These errors, apart from leading to a “miscarriage of justice” in the “Tata versus Mistry” case, also have wider ramifications for implementation of the statutory safeguards enshrined in the Companies Act 2013, it said.

It said the new the Companies Act 2013 was legislated after a lot of consulations to enhance corporate governance in the board rooms, but some of the observations and findings of the SC’s March 26 judgement in the Tata case erode the standards of governance expected under the Companies Act 2013,