TIL Desk/Business/Mumbai/ As the Tata-Mistry tussle escalates, Ratan Tata on Friday moved the Supreme Court in his personal capacity challenging the NCLAT’s verdict reinstating Cyrus Mistry as the Tata Sons Chairman, 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 judgement. 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.
“Amongst the various fronts where Cyrus Mistry’s leadership was lacking was his reluctance to timely and meaningfully disassociate himself from his family business after he became the Chairman of Tata Sons and address any conflict in this regard, which was a condition precedent to his appointment as Chairman of Tata Sons,” Ratan Tata’s petition said.
