#cyrusmistry — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cyrusmistry, aggregated by home.social.
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In a temporary relief to Tata Sons Pvt Ltd, the #SupremeCourt on Friday stayed the December 18 order of the National Company Law Appellate Tribunal which reinstated #CyrusMistry as the Executive Chairman of the company.
Read more: https://bit.ly/36E4OCg
#Tatasons #TataVsMistry -
NCLAT says that it will add one line in the order which says that the observations cast no aspersions on the RoC. Order reserved, will be delivered on Monday
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Judge tells to RoC that it seems like you're arguing for the company itself. We did not make our observations with any mala fide intention. What language do you want us to use?
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Judge: Your challenging our finding. How could they change the nature of the company without your approval? Our order doesn't cast any personal aspersions on you. If you have a problem with the finding, approach the SC
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RoC informs the court that Articles of Association of Tata Sons was not amended at the time of the impugned registration
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RoC submits that it was duty bound to change the nature of Tata Sons. The current observations suggest that the RoC worked against the interests of the minority shareholders
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Judge: How do you decide whether a company is a private company or a public company? Parliament has delegated power to the central govt to make Rules for the same
RoC: Currently there's no prescription limit for private companies
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RoC wants observations made in paras 181 and 186 to be modified. As per RoC, the said paras suggest that RoC helped Tata Sons in their 'hurried decision' to change the nature of the company
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Tata Sons: Proceedings on RoC's plea seeking modification of certain observations made in the NCLAT's order in favour of Cyrus Mistry begins before the same Bench at NCLAT