Tata Sons cannot force Cyrus Mistry to sell his shares: NCLAT
Friday - August 24, 2018 12:48 pm ,
Category : BUSINESS
Tata Sons cannot force Cyrus Mistry to sell his shares: NCLAT
New Delhi Aug 24 (IANS) In a partial relief to Cyrus Mistry the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares.
However the two-judge bench headed by Justice S.J. Mukhopadhyaya declined Mistry s appeal to stay the conversion of Tata Sons into a private company.
The court said it will decide on conversion of Tata Sons into a private company after the final hearing on September 24.
Further NCLAT has admitted Mistry s appeal against his removal from the post of Tata Sons Chairman in 2016. The appeal was against the order of the NCLT Mumbai bench.
--IANS mgu/anp/bg
However the two-judge bench headed by Justice S.J. Mukhopadhyaya declined Mistry s appeal to stay the conversion of Tata Sons into a private company.
The court said it will decide on conversion of Tata Sons into a private company after the final hearing on September 24.
Further NCLAT has admitted Mistry s appeal against his removal from the post of Tata Sons Chairman in 2016. The appeal was against the order of the NCLT Mumbai bench.
--IANS mgu/anp/bg
