Tata Sons says SC order vindicates its position

Tata Sons, the holding firm of the Tata Group companies, on Friday said the order of Supreme Court in its fight against ousted chairman Cyrus Mistry vindicates its position and upholds the governance standards adopted by the conglomerate over the years.

The apex court set aside the NCLAT order restoring Mistry as the executive chairman of the conglomerate, while allowing appeals filed by the Tata Group.

“The judgment of the Hon’ble Supreme Court vindicates the position of Tata Sons and upholds the governance standards adopted by the Tata Group over the years. Tata Sons is grateful to the Hon’ble Supreme Court,” Tata Sons said in a statement.