Tata Group legal advisers baffled by order: ‘NCLAT granted relief which was never sought’
MUMBAI: Legal advisers affiliated to Bombay House say they are baffled by the NCLAT order and believe the relief granted by the tribunal has gone “far beyond” what was sought by the plaintiffs, Cyrus Investments.
By ordering that Mistry be reinstated as executive chairman of Tata Sons, the NCLAT has granted relief which had never been sought at any stage, either before National Company Law Tribunal (NCLT) or the NCLAT, the legal sources said. Further, the order of the tribunal has displaced the current executive chairman, N Chandrasekaran, who had been selected following the procedure provided under the Articles of Association of Tata Sons, they said.