Tata Sons Private Ltd preferred not to mention in the Supreme Court its petition challenging the NCLAT decision that reinstated Cyrus Pallonji Mistry as the executive chairman of Tata group.
The Supreme Court website showed that petition is to be listed on January 10, 2020.
It also showed that other respondents, including Cyrus Investments Pvt Ltd and Cyrus Mistry have filed a caveat that no ex-parte order be passed in the case.
The Tatas have had challenged the verdict by the National Company Law Appellate Tribunal, (NCLAT), saying it “undermined corporate democracy” and the “rights” of its board of directors.
While the petition awaits its hearing in the apex court, Cyrus Mistry issued a statement last week, saying he was not interested in returning to the Tata group in any capacity.
“To dispel the misinformation campaign being conducted, I intend to make it clear that despite the NCLAT order in my favour, I will not be pursuing the executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries,” read the statement.
Mistry was terminated from his position as executive chairman in October 2016 and was later removed as its director in February 2017.
Mistry then appealed to the National Company Law Tribunal (NCLT), but his appeal was turned down. He later moved to National Company Law Appellate Tribunal (NCLAT) to reverse his sacking. On December 18, 2019, NCLAT reinstated Mistry as the executive chairman of Tata Sons.
NCLAT also observed that the group’s chairman emeritus Ratan Tata’s actions against Mistry were oppressive and the deemed the appointment of a new chairman, Natarajan Chandrasekaran as illegal.