After SC stay, Tata Consultancy says no NCLAT ruling impact on company

India's largest software exporter Tata Consultancy Services (TCS) on Friday said it does not see any impact of the National Company Law Appellate Tribunal ruling removing N Chandrasekaran as its chairman.

BCCL
MUMBAI: India's largest software exporter Tata Consultancy Services (TCS) on Friday said it does not see any impact of the National Company Law Appellate Tribunal ruling removing N Chandrasekaran as its chairman.

The Supreme Court has given a "blanket stay" on the NCLAT order, the company's Chief Executive and Managing Director Rajesh Gopinathan said.

"Absolutely not and as your are aware the matter has been referred to the SC. The company has also appealed, and the SC has granted a blanket stay and we don't see any impact to the company from that," he said when asked about the impact of the NCLAT order removing Chandrasekaran.


He reiterated again that the company is not worried about the legal battles.

It can be noted that the company, which is usually among the first ones to report its numbers, had to delay its board meeting to consider the December quarter performance till it got the SC's relief on the NCLAT order last week.

The NCLAT had last month ruled that the meeting in which Cyrus Mistry was removed as the chairman of Tata Sons, the diversified group's holding company, was illegal and ordered his reinstatement.
ADVERTISEMENT

Chandrasekaran had succeeded Mistry as the chairman of Tata Sons after one of the biggest corporate battles.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Related Companies

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+