Tata Sons files caveat in all courts as legal cover

MUMBAI: In further anticipation of a legal challenge from the just ousted Tata Sons chairman Cyrus Mistry, Ratan Tata's legal eagles have filed "caveats" in all courts including with the National Company Law Tribunal, said a person involved.

A caveat is filed in courts as a preventive to ensure that courts do not issue any ex-parte orders, and should not hear any matter without allowing the other side to appear.

"There is a risk of a closed-door appeal," said a Delhi High Court lawyer. Mistry could have asked courts to stay further appointment of directors or changes in management, which now the court cannot approve without listening to Tata's arguments.



A few hours ago a spokesman on behalf of Cyrus Mistry said the group was still studying its options and legal action couldn't be a forgone conclusion.

On Monday the Tata group board in a sudden majority vote removed Cyrus Mistry from chairmanship and dissolved the executive panel under Mistry.