NCLT dismisses Cyrus Mistry's waiver petition

In a setback for sacked Tata Sons chairman Cyrus Mistry, National Company Law Tribunal (NCLT) dismissed his plea for a waiver to an eligibility condition. A waiver would have meant that a plea filed by Cyrus Mistry's family-owned companies alleging acts of oppression of minority shareholders and mismanagement by Tata Sons would have been heard on merit.