SC sets aside NCLAT order restoring Cyrus Mistry as Tata Group chief

The Supreme Court on Friday set aside a National Company Law Appellate Tribunal (NCLAT) order restoring Cyrus Mistry as the executive chairman of Tata Group.

Allowing the Tata Group’s appeal against the NCLAT’s December 18, 2019 order, a three-judge Bench led by Chief Justice SA Bobde said, “All the questions of law are liable to be answered in favour of the appellants Tata Group and the appeals filed by the Tata Group are liable to be allowed and those by Shapoorji Pallonji Group are liable to be dismissed.”

Last year, the top court had stayed the NCLAT order by which Mistry was restored as the executive chairman of the conglomerate.