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New Delhi: The Tata group and its ousted chairman Cyrus Mistry, both filed multiple caveats in legal forums on Tuesday.

Cyrus Mistry had however rubbished the reports of suing the Tata for his sudden dismissal from the group.

But according to a report by PTI, Cyrus has filed four caveats at the National Company Law Tribunal against the Tata Group, Ratan Tata, who has taken over as interim chairman, and Tata Trusts.

The Tatas also filed caveats in the Supreme Court, Bombay High Court and the National Company Law Tribunal.

Cyrus Mistry had called his removal illegal in a board meeting of Tata, demanding that he should be given at least 15-day notice to make a case for himself according to the company rule book.

Earleir, the ousted Tata chairman had issued a statement which states:

“Events of the past 24 hours obviously involve an element of sensitivity if not surprise. They need time for being assessed. As and when a public statement becomes necessary, it would be made.”

“Neither the SP Group nor Mr Cyrus Mistry has made any statement yet. While the circumstances are being studied, there is no basis to media speculation about litigation at this stage.”

Reports had suggested that action may be taken soon against the Tata trust.

“We are getting ready to move the high court as soon as possible — could be Tuesday or Wednesday — against this illegal decision that violates strict provisions for such sacking under the Articles of Association,” said a senior lawyer close to Mistry had told the TOI.

Tata Sons replaced Cyrus P Mistry as its Chairman and named Ratan N Tata as the interim chairman of the company after consulting a number of high profile lawyers before removing Mistry form the job.

However, no reason was given for his removal.

Mistry had taken as the chairman of Tata Sons four years ago, in 2012.

 

First Published | 25 October 2016 5:10 PM
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Web Title: Tata Vs Cyrus Mistry: Both parties file caveats in the court

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