South Asian Insider
Tata Sons Moves Supreme Court Over Cyrus Mistry's Reappointment As Company Chairman
Tata Sons on Thursday moved the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order that directed reinstatement of Cyrus Mistry as Executive Chairman of Tata Sons.
The company has sought early interim relief ahead of the board meeting which is likely to be held on January 9. The matter has not yet been fixed for hearing and will only come up after the apex court opens on January 6 after the winter break.
In a big win for Mistry, the NCLAT had restored him as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as the head of the holding company of salt-to-software conglomerate was illegal. The NCLAT, however, stayed the operation of the order with respect to reinstatement for four weeks to allow Tatas to appeal before the Supreme Court, which has appellate jurisdiction over the NCLAT. Tata Sons had abruptly sacked Mistry as Chairman of Tata Sons on October 24, 2016 alleging he betrayed trust reposed in him by his desire to seek to control main operating companies of the Tata Group to the exclusion of Tata Sons and other Tata representatives. He was also accused of non-performance during his reign by pointing out the then conditions of Tata Steel Europe, DoCoMo-Tata Tele joint venture and Tata Motors' India operations, which were termed as 'problem companies', where there was no 'noticeable improvement in operations' and the situation worsened with widening losses, increasing debt and declining market share.
Two stars fight, and the image is stunning
Stars that have companions aren't always friendly to them, as evidenced by a stellar confrontation witnessed by astronomers. They studied the binary ...
Sex workers finally get 'honourable' funerals in Bangladesh
(News Agencies)-Often treated as less than human in life, there has been little dignity in death for the sex workers of one of the world's biggest b...
In tears again, victim's mother pleads for death warrant for 4 convicts
Demanding fresh death warrant, Asha Devi said, "I am here from one and half years, I am here and waiting for them to avail their legal remedies. Howev...
Delhi Police arrests 10 students in Gargi college molestation case
A case was registered against the ten accused under sections 452, 354, 509, 34 of the IPC at Hauz Khas Police Station. (News Agencies)-The Delhi ...
In AAP's victory, a lesson in transformative politics
The extraordinary political process that Delhi has witnessed this past month represents at once the maturing of the electorate within this "ordinary c...
How the AAP won, with some help from the BJP
Despite a patchy track record, the AAP captured the narrative. The Delhi BJP?had nothing to offer voters Delhi's outsized influence on the nationa...
Jammu and Kashmir: Detention is not the answer
Booking the former chief ministers under PSA is counterproductive The decision to book former Jammu and Kashmir (J&K) chief ministers Omar Abdulla...
Politics is shifting to the centre-right. Delhi proves it
Endorsing the religious practices of the majority, a strong nationalist pitch and populist welfarism is the new normal. Delhi is a riddle wrapped ...
Arvind Kejriwal appointed Delhi CM, 6 ministers to take oath
The 6 ministers who will take oath along with Arvind Kejriwal on 16 Feb are Manish Sisodia, Satyender Jain, Gopal Rai, Kailash Gehlot, Imran Hussain a...
Trump administration goes to war with states over Immigration
The Justice Department sues California and New Jersey to overcome enforcement roadblocks. The Trump administration dramatically escalated its war ...
© All rights Reserved. The south Asian, Published Weekly from New york.