Cyrus Mistry’s legal appeal seeks ouster of Tata Sons board | business-news | Hindustan Times
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Cyrus Mistry’s legal appeal seeks ouster of Tata Sons board

Tata Sons’ ousted chairman Cyrus Mistry, in his first legal salvo against the conglomerate, has appealed to a quasi-judicial body to either replace the company’s current board of directors or appoint a retired Supreme Court judge as its non-executive chairman.

business Updated: Dec 21, 2016 14:28 IST
Cyrus Mistry
Ousted Tata Sons Chairman, Cyrus Mistry leaves after a meeting at Bombay House in Mumbai on Monday. (PTI Photo)

Tata Sons’ ousted chairman Cyrus Mistry, in his first legal salvo against the conglomerate, has appealed to a quasi-judicial body to either replace the company’s current board of directors or appoint a retired Supreme Court judge as its non-executive chairman.

Read | Mistry moves tribunal against Tata Sons; company says it shows ‘deep animosity’

Mistry ratcheted up his battle against the $100 billion software-to-salt conglomerate by launching legal proceedings on Tuesday and filing a petition under the Companies Act of 2013 at the National Companies Law Tribunal (NCLT).

The complaint, which levels allegations on mismanagement and corporate governance failures within the company, also seeks to restrain Tata Sons from issuing any new equity, or altering its articles of association.