TCS gets Supreme Court’s stay on NCLAT order reinstating Mistry as director

NEW DELHI: India’s largest IT services firm Tata Consultancy Services (TCSNSE -0.58 %) on Friday said the Supreme Court has stayed the NCLAT order that directed the reinstatement of Cyrus Mistry as a director of the company.

Earlier this month, TCS had filed an appeal in Supreme Court to stay the NCLAT judgement dated December 18, which directed reinstatement of Cyrus Pallonji Mistry as Director of the company for rest of the tenure.

“The Hon’ble Supreme Court of India has, vide its order dated January 10, 2020, granted a stay on the operation of the said judgement and has posted the matter for detailed hearing at alater date,” TCS said in a regulatory filing on Friday.