Ratan Tata's legacy as brand custodian challenged as he fights Mistry - watsupptoday.com
Ratan Tata's legacy as brand custodian challenged as he fights Mistry
Posted 21 Dec 2019 01:11 PM

Image Source: BUSINESS STANDARD

In a shock to former Tata Group chairman Ratan Tata, the National Company Law Appellate Tribunal (NCLAT) said he was determined to remove Cyrus Mistry prior to the board meeting and asked him to back down.

“Ratan Tata and the nominee of Tata Trusts shall desist from taking any decision in advance which requires majority decision of the board of directors or in the annual general meeting,” said the NCLAT about one of India’s most high-profile corporate leaders.

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