Six grounds on which Tata Sons is contesting the NCLAT order favouring Cyrus Mistry

Tata has moved the SC against the NCLAT order declaring the dismissal of Cyrus Mistry as wrongful.

Agencies
A two-member NCLAT bench had given four weeks to Tata Sons to appeal in the Supreme Court against the order.
Tata Sons has moved the Supreme Court against the NCLAT order declaring the dismissal of Cyrus Mistry as wrongful and asking for his reinstatement.

The Tata Sons filed the appeal against the NCLAT order on following grounds:

*NCLAT has given no reason on how Cyrus Mistry's removal was illegal and wrong.


*The order restoring Mistry as chairman has undermined corporate democracy & rights of board members.

*NCLAT order sets a dangerous legal precedent.

*NCLAT's relief to Cyrus Mistry is inconsistent with annals of corporate law.
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*NCLAT order created confusion in working of important listed corporate entities.

*Cyrus Mistry specifically pleaded before the NCLT that he is not seeking reinstatement.

The NCLAT, in its December 2019 order, ruled that the appointment of N. Chandrasekaran as executive chairman of Tata Sons was illegal. A two-member NCLAT bench had given four weeks to Tata Sons to appeal in the Supreme Court against the order. The NCLAT had suspended the order for four four weeks to allow the Tata Group to file an appeal.
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