Tatas to seek urgent relief ahead of January 9 TCS board meeting

MUMBAI: Tata Sons will move the Supreme Court to seek early interim relief from the tribunal order reinstating Cyrus Mistry ahead of the TCSNSE 0.63 % board meeting scheduled for January 9 to consider Q3 results. The holding company is likely to file an appeal on January 2 although a hearing is possible only when the SC opens on January 6 after the winter break, said people with knowledge of the matter.

Legal experts said the Mistry family-owned firms that hold stakes in Tata Sons can oppose an interim stay, which could force the Tatas to re-induct Cyrus Mistry pending a final order. The National Company Law Appellate Tribunal (NCLAT) ruled on December 19