New Delhi: The Supreme Court Thursday dismissed a plea of the Sapoorji Pallonji (SP) group seeking a review of the 2021 verdict which had upheld the Tata group's decision to remove Cyrus Mistry as the executive chairman of the Tata Sons.
A bench headed by Chief Justice N V Ramana, however, ordered the deletion of certain remarks made against Cyrus Mistry in the March 2021 verdict.
Senior advocate Harish Salve, appearing for the Tata group, said the court may permit the deletion of one or a few sentences not for the reasons given in the application of the Sapoorji Pallonji (SP) group.
The top court on March 26, 2021, had set aside a National Company Law Appellate Tribunal (NCLAT) order restoring Mistry as the executive chairman of $100-billion salt-to-software conglomerate.
The apex court had also dismissed a plea of Shapoorji Pallonji Group seeking the separation of ownership interests in Tata Sons Pvt Ltd (TSPL).
Mistry had succeeded Ratan Tata as the chairman of TSPL in 2012 but was ousted four years later.
Tata Sons released a statement post-SC
We welcome today’s order of the Hon’ble Supreme Court with humility. It reaffirms, once again, Tata Group’s position which was upheld by a unanimous judgment last year. Tata Sons reiterates its commitment to work towards nation building, and maintaining standards of governance and ethical conduct that have guided Tata Group in all its businesses over the years.
(With PTI inputs)
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