Cyrus Mistry denies filing ‘caveats’
Former chairman of Tata Sons Cyrus Mistry has denied filing any “caveats” against his former company.Cyrus Mistry Exit Updated: Oct 25, 2016 20:44 IST
Former chairman of Tata Sons, Cyrus Mistry, has denied filing any “caveats” against his former company.
“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.