Now, TCS moves SC against NCLAT order reinstating Mistry as director

Tata Consultancy Services (TCS), the flagship company of the Tata group, on Saturday said it has filed an appeal in the Supreme Court against the NCLAT that directed the reinstatement of Cyrus Mistry as a director of the company.

In a filing to the stock exchanges, TCS said the National Company Law Appellate Tribunal (NCLAT) – vide its judgement on December 18, 2019 – had directed re-instatement of Mistry as director of the company for rest of the tenure.

“…the company, based on a legal opinion, has on January 3, 2020 filed an appeal in the Hon’ble Supreme Court of India (i) to set aside the said Judgement qua the company and (ii) in the interim stay on operation of the said judgement to the extent it relates to the company,” it added.