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    Legal Shocker

    Dec 26, 2019 4 minutes
    BY NEVIN JOHN
    "I believe it is now time that all of us work together for sustainable growth and development of the Tata Group…"
    – Cyrus Mistry

    The National Company Law Appellate Tribunal (NCLAT) delivered a body blow to the 150-year-old, $110-billion, salt-to-software Tata group when it reinstated former chairman Cyrus Mistry, who was unceremoniously removed in October 2016. It also asked current Tata Sons chairman N. Chandrasekaran to resign. That’s not all. The appellate tribunal, whose decision can be appealed only in the Supreme Court, has ordered reversal of the Tata group’s decision to convert holding company Tata Sons into a private limited firm from a public entity. None of these were anticipated.

    The NCLAT has,

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