Tata Sons-Cyrus Mistry fight before NCLT, NCLAT: A chronology of events
- The NCLAT also said Tata Sons’ move to turn private from a public company was unlawful and ordered a reversal
- The order will take effect after four weeks and Tata has the option to challenge the ruling in the Supreme Court
In a big blow to the Tata Sons Ltd the National Company Law Appellate Tribunal (NCLAT) on Wednesday held that appointment of N. Chandrasekaran as executive Chairman of Tata Sons as illegal. It also restored Cyrus Mistry as the Chairman.
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