Live
- 2024 on track to be hottest year on record
- PM Modi’s visit to Solapur: Women applaud ‘Double-Engine’ government’s initiatives
- Nagarkurnool MLA Dr. Kuchukulla Rajesh Reddy Campaigning in Maharashtra Elections
- Wife Kills Husband with Her Lover: Details of Veldanda Murder Case Revealed by SP Gaikwad
- Strict Action on Violations of Food Rights: Telangana Food Commission Chairman Goli Srinivas Reddy
- Smooth Conduct of Group-3 Exams with Strict Security Measures: Collector Badavath Santosh
- Delhi HC orders cancellation of LOC issued against Ashneer Grover, wife
- Shami’s absence a major blow for India in BGT, says Paul Adams
- Will organize protests at borders if attack on minority Hindus in Bangladesh not stopped: Bengal LoP
- Dutch Ambassador Marisa Gerard Meets Telangana CM A. Revanth Reddy in Delhi
Don't force Cyrus Mistry to sell his shares: NCLAT to Tata Sons
The National Company Law Appellate Tribunal NCLAT on Friday directed Tata Sons to not force former chairperson Cyrus Mistry into selling his shares in the company, till his appeal is pending
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday directed Tata Sons to not force former chairperson Cyrus Mistry into selling his shares in the company, till his appeal is pending.
The appellate tribunal, however, said that the decision on the conversion of Tata Sons into a private firm would be taken after the final argument. The next hearing has listed for September 24.
In its last hearing on August 14, the NCLAT had reserved its order on Mistry's plea, challenging the conversion of Tata Sons into a private company.
Last month, the NCLAT's Mumbai bench had rejected a plea filed by Mistry against his dismissal as chairman of the business conglomerate.
Following this, Mistry moved NCLAT through his investment firms - Cyrus Investments Pvt. Ltd and Sterling Investment Corp. Pvt. Ltd, against the order by NCLAT's Mumbai bench.
