Written by Sharangee Dutta | Edited by Sohini Goswami, New Delhi
The Supreme Court on Thursday rejected a plea of the Shapoorji Pallonji (SP) group, in search of a review of its final year’s order of upholding the Tata Group’s choice to take away Cyrus Mistry as the chief chairman of Tata Sons. Soon after, Ratan Tata, chairman emeritus of Tata Sons, expressed his “grateful appreciation” to the apex court docket for ruling.
“We would like to express our grateful appreciation of the judgement passed and upheld by the Supreme Court,” he tweeted. The veteran industrialist added that the order “reinforces” the worth system and ethics of the judiciary.
A bench headed by Chief Justice of India NV Ramana, whereas delivering the judgment, ordered the deletion of sure remarks made towards Mistry within the March 26, 2021 verdict. This got here after senior advocate Harish Salve, showing for the Tata group, mentioned the highest court docket might enable the deletion of 1 of some sentences not for the explanations given within the application of the SP group.
In March final year, the Supreme Court had put aside the National Company Law Appellate Tribunal (NCLAT) order restoring Mistry as the chief chairman of Tata Sons. The verdict was given by a bench led by the then Chief Justice of India SA Bobde.
The apex court docket had additionally dismissed a plea of SP group in search of the separation of possession pursuits in Tata Sons Private Limited (TSPL).
Mistry had succeeded Tata as the chairman of TSPL in 2012 however was faraway from the submit 4 years later at a board meeting.
(With inputs from PTI)
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