New Delhi, May 19: In the dispute between Tata Sons Limited and Cyrus Mistry the Supreme Court on Thursday dismissed a review petition filed by Shapporji Pallonji group challenging the Supreme Court’s order.
The Apex Court had ruled in favour of Tata in the order dated March 26, 2021.
The case was heard by a Bench of Chief Justice of India (CJI) N V Ramana, Justices A S Bopanna and V Ramasubramanian along with a plea seeking exp-unction of certain remarks against Mistry in the judgment.
The CJI said, “Sorry, review we are not entertaining. It is dismissed.” However, the bench agreed to consider the expunging certain observations in the judgments which were objected to by Mistry.
The review was filed against the judgment of the top court setting aside the December 2019 order of the National Company Law Appellate Tribunal (NCLAT) that had reinstated Cyrus Mistry as the Chairperson of Tata Sons Limited.
Mistry took over as Chairman of Tata Sons in December 2012 and was removed from the post on October 24, 2016 by the majority of the board of directors of the company.
Subsequently, at an Extraordinary General Meeting convened on February 6, 2017, the shareholders voted for the removal of Mistry from the board of Tata Sons. N Chandrasekaran took over as Executive Chairman of Tata Sons.
The NCLAT, in its December 2019 judgment, had held that the proceedings of the Board meeting of Tata Sons held on October 24, 2016 removing Cyrus Mistry as Chairperson was illegal.
