Tata-Mistry case: Ratan Tata appreciates Supreme Court ruling. Read here

  • 'We would like to express our grateful appreciation of the judgement passed and upheld by the Supreme Court today,' the Tata Trusts Chairman tweeted

Livemint
First Published19 May 2022
Tata Trusts Chairman Ratan Tata.
Tata Trusts Chairman Ratan Tata.

Hours after the Supreme Court dismissed the review petition by Cyrus Mistry in the protracted Tata versus Mistry legal dispute, well-known industrialist Ratan Tata has expresses his "grateful appreciation" of the judgement passed by the SC.

“We would like to express our grateful appreciation of the judgement passed and upheld by the Supreme Court today,” the Tata Trusts Chairman tweeted.

He added, “It reinforces the value system and the ethics of our judiciary.”

The SC has dismissed a plea of the Sapoorji Pallonji (SP) group seeking a review of the 2021 verdict, which had upheld the Tata group's decision to remove Cyrus Mistry as the executive chairman of the Tata Sons.

A bench headed by Chief Justice NV Ramana, however, ordered the deletion of certain remarks made against Cyrus Mistry in the March 2021 verdict.

Senior advocate Harish Salve, appearing for the Tata group, said the court may permit the deletion of one or a few sentences not for the reasons given in the application of the Sapoorji Pallonji (SP) group.

The top court on March 26, 2021, had set aside a National Company Law Appellate Tribunal (NCLAT) order restoring Mistry as the executive chairman of USD 100-billion salt-to-software conglomerate.

The apex court had also dismissed a plea of Shapoorji Pallonji Group seeking the separation of ownership interests in Tata Sons Pvt Ltd (TSPL).

Mistry had succeeded Ratan Tata as the chairman of TSPL in 2012 but was ousted four years later.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeNewsIndiaTata-Mistry case: Ratan Tata appreciates Supreme Court ruling. Read here

Most Active Stocks

Indus Towers

326.20
04:06 AM | 19 JUN 2024
-17.7 (-5.15%)

Bharat Electronics

311.80
04:06 AM | 19 JUN 2024
-6.45 (-2.03%)

Tata Steel

181.80
04:06 AM | 19 JUN 2024
0.65 (0.36%)

Indian Oil Corporation

167.80
04:04 AM | 19 JUN 2024
-1.8 (-1.06%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Rashtriya Chemicals & Fertil

188.05
04:04 AM | 19 JUN 2024
14.7 (8.48%)

Fertilizers & Chemicals Travan

929.00
04:03 AM | 19 JUN 2024
64.85 (7.5%)

Sanofi India

7,539.60
04:00 AM | 19 JUN 2024
359 (5%)

Deepak Fertilisers & Petrochemicals Corporation

650.00
04:03 AM | 19 JUN 2024
30.65 (4.95%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,281.00-238.00
    Chennai
    72,711.00-1,095.00
    Delhi
    73,495.00-24.00
    Kolkata
    73,566.00191.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanGet App