TCS moves Supreme Court against Cyrus Pallonji Mistry’s reinstatement

MUMBAI: Tata Consultancy Services (TCS) has filed an appeal in the Supreme Court against the NCLAT judgment directing reinstatement of Cyrus Pallonji Mistry as Director of the Company.

"The company has on January 3 filed an appeal before the Supreme Court against the judgment of NCLAT dated December 18, directing reinstatement of Cyrus Pallonji Mistry as Director of the Company for the rest of the tenure," said TCS in a regulatory filing.

Last month, NCLAT had restored Mistry as executive chairman of Tata Sons and ruled that the appointment of N Chandrasekaran was "illegal". In response to this decision, Tata Sons moved the apex Court. Besides, Ratan Tata also filed a petition in the Supreme Court seeking to quash the NCLAT order, alleging that in an instance of conflict of interest, Mistry was reluctant to disassociate himself from his family business even after he became the chairman of Tata Sons.

The former Tata Sons chief moved the Supreme Court in his personal capacity, a day after Tata Sons moved the apex court challenging the National Company Law Appellate Tribunal's (NCLAT) December 18 judgment.

Ratan Tata in his petition to the top court mentioned that disassociation from his family business, the Shapoorji Pallonji Group, was a precondition for Mistry's appointment as Tata Sons Chairman. (IANS)

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