Cyrus Mistry denies filing ‘caveats’

Former chairman of Tata Sons Cyrus Mistry has denied filing any “caveats” against his former company.

Former chairman of Tata Sons, Cyrus Mistry, has denied filing any “caveats” against his former company.

On Monday Tata Sons announced Mistry’s removal as chairman with company patriarch Ratan Tata taking over while a permanent replacement is sought. (Reuters)

“A caveat is a notice filed by a party fearing legal action seeking notice before action. Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage,” a statement issued by Cyrus Mistry’s office said on Tuesday.

On Monday Tata Sons announced Mistry’s removal as chairman with company patriarch Ratan Tata taking over while a permanent replacement is sought.