New Delhi: After the removal of Cyrus Mistry as the chairman of Tata Sons, the industrialist said he will be approaching the Bombay High Court for redressal.
Tata Sons replaced Cyrus P Mistry as its Chairman and named Ratan N Tata as the interim chairman of the company.
The decision was taken at the company’s board meeting, a company statement said here. A committee has been formed to select the next chairman within four months.
According to reports, Tata had consulted a number of high profile lawyers before removing Mistry form the job.
However, no reason was given for the removal of Mistry.