Tata vs Mistry: Shapoorji Pallonji Group files review petition in Supreme Court

By LE Desk

New Delhi, April 26: The Shapoorji Pallonji Group has filed a review petition in the Supreme Court and challenged the top court’s March 26 judgement in which it had ruled in favour of the Tata Group.

As per rules, the review petition is heard inside the chamber and before the same bench, which had passed the judgement in the case.

The Supreme Court in its judgement on March 26 had upheld the decision of the Tata Sons board in October 2016 to remove Cyrus Mistry, its then chairman, from office and later the company’s board and set aside National Company Law Appellate Tribunal’s (NCLAT) earlier order restoring Mistry’s appointment as executive chairman of the Tata group.

Ousted Tata Sons Chairman Cyrus Mistry had expressed disappointment over the Supreme Court order in the fight against the conglomerate over his ouster but asserted his conscience was clear and he had no doubt about the direction he took regarding the generational change in leadership during his tenure.

The apex court order had set aside the National Company Law Appellate Tribunal (NCLAT) order restoring Mistry as executive chairman of the conglomerate while allowing appeals filed by the Tata Group.

“Every member of society looks to institutions such as courts to validate and endorse the appropriateness of his or her actions and beliefs. As a minority shareholder of Tata Sons, I am personally disappointed by the outcome of the judgement with respect to our case,” Mistry said in a statement.

He further said, “Although I will no longer be able to influence the direction of governance of the Tata group directly, I hope that the issues I have raised will cause deeper reflection and influence individuals concerned to catalyse change. I sleep with a clear conscience”, The Mint reported.

A bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian had allowed appeals filed by Tata Group.

https://www.livemint.com/companies/people/tata-vs-mistry-shapoorji-pallonji-group-files-review-petition-in-supreme-court-11619415800870.html