Tata Group being run by Ratan Tata, not a board: Cyrus Mistry’s counsel tells SC

The Tata Group was not professionally managed by a board but by Ratan Tata, the Chairman of Tata Trusts, through Trusts that appointed directors on Tata Sons board, Shapoorji Pallonji’s counsel CA Sundaram told the Supreme Court today.

“If they wanted to keep it a family affair, then they should have remained so instead of making it public,” Sundaram said. He added that Tata Sons manages many listed companies worth almost Rs 65 lakh crores and it should allow freedom to the group entities in making decisions.

The Shapoorji Pallonji (SP) Group, controlled by Cyrus Mistry, and the Tatas have been locked in a legal battle since 2016 after Mistry was removed as Chairman of Tata Sons.