Tata weighs options after NCLAT shock, will move Supreme Court in January

MUMBAI : The Tata group is likely to approach the Supreme Court in the first week of January to obtain a stay against the immediate reinstatement of Cyrus Mistry as the director of three Tata group companies from which he was ousted, two people with direct knowledge of the matter said. The three group companies are Tata Consultancy Services Ltd (TCS), Tata Industries Ltd and Tata Teleservices (Maharashtra) Ltd. The appeal will also seek a stay on the other directions laid down in the NCLAT order.

The National Company Law Appellate Tribunal (NCLAT) order of Wednesday mandates restoring Mistry as a director immediately in these three companies.