NCLAT expunges NCLT order on Mistry, terms it ‘disparaging, avoidable’

Ordering reinstatement of Cyrus Mistry as Chairman of Tata Sons, the NCLAT on Wednesday expunged ‘disparaging’ remarks made against him by the Mumbai bench of NCLT which had dismissed his plea challenging his removal as chief of the Tata group.

A two-member bench of the National Company Law Appellate Tribunal headed by Chairperson S J Mukhopadhaya said that such observations against Mistry and other respondents were “undesirable and based on extraneously sourced material not on record”.

“It casts impact on the reputation of the Appellants and Cyrus Pallonji Mistry which may affect them in pending proceedings, if any, and their business. These remarks are not only disparaging but also wholly unsubstantiated by any document on record,” the NCLAT said in its order.