SC sets aside tribunal order restoring Cyrus Mistry as executive chairman of Tata Group

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

Allowing the Tata Group’s appeal against the NCLAT’s December 18, 2019, order, a three-judge Bench led by Chief Justice of India 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.