Tag: Cyrus Mistry
17 Results
-
Cyrus Mistry, others face criminal defamation charges
A court here has initiated process against industrialists Cyrus P Mistry, Shapoor Mistry and others in a criminal defamation complaint lodged last month by Tata Trusts' Managing Trustee R Venkataramanan, an official said on Tuesday. The process was issued by Metropolitan Magistrate K G Paldewar and accordingly, Mistry, the ousted former Chairman of Tata Sons, and other directors...
July 4, 2017 -
Cyrus Mistry not intimidated by criminal defamation case
The Office of Cyrus Mistry on Friday said it will not be intimidated by a 'poor tactic' like criminal defamation to scotch litigation against Tata Sons. "It is rather odd that a poor tactic like criminal defamation to muzzle litigation has been advised and adopted," a statement from Mistry's office said. "We are not intimidated...
June 23, 2017 -
Company Law Tribunal denies Mistry firms’ petition against Tata Sons
The National Company Law Tribunal (NCLT) here on Monday dismissed a petition by two firms belonging to Cyrus Mistry's family, seeking waiver of an eligibility condition for moving the forum against Tata Sons. An NCLT bench of BSV Prakash Kumar and V Nallasenapathy said, "The waiver is dismissed, the company petition dismissed". The two firms...
April 18, 2017 -
NCLT dismisses Mistry’s waiver plea
An apex corporate tribunal on Monday dismissed a plea filed by Cyrus Mistry's investment companies to waive off a regulatory bar on them, so that they can continue their legal suit against the Tata Sons. Besides, the main petition which was filed against Tata Sons was also rejected. The National Company Law Tribunal (NCLT) here...
April 17, 2017 -
Tata Sons’ shareholders vote to remove Mistry as a Director
Industrial conglomerate Tata Group's holding company Tata Sons on Monday said that a majority of its shareholders during an extraordinary general meeting (EGM) held here have voted to remove Cyrus Mistry as a Director on its Board. "The shareholders of Tata Sons, at the extraordinary general meeting held today, passed, with the requisite majority, a...
February 6, 2017 -
Mistry moves against Tata Sons’ EGM
Tata Sons' ousted Chairman Cyrus Mistry on Thursday approached the New Delhi-based National Company Law Appellate Tribunal (NCLAT) for an injunction against the proposed extra-ordinary general meeting (EGM) of the Tata Group's holding company. The petition moved by Mistry's investment company has been slated to come up for hearing on Friday. The development comes two days after the...
February 2, 2017 -
Tata Sons calls EGM on Feb 6 to oust Cyrus Mistry as director
After ousting him as Chairman, Tata Sons has called a shareholders' meeting on February 6 to remove Cyrus Mistry as director of the holding company of the $103-billion Tata Group. Tata Sons had abruptly removed Mistry as its Chairman on October 24 and sought his ouster from operating companies like Tata Motors and TCS. Mistry...
January 6, 2017 -
4 Tata firms to vote on Mistry’s removal as director this week
In what could prove to be a crucial week in the ongoing boardroom war between Tata Sons and its ousted Chairman Cyrus Mistry, four listed firms of the group will vote on resolutions to remove him as director from their boards. All eyes will be on the outcome of voting by shareholders of Indian Hotels...
December 18, 2016 -
Cyrus Mistry removed as TCS director
Cyrus P Mistry was on Tuesday removed as director of Tata Group’s crown jewel, Tata Consultancy Services (TCS) with 93.11 per cent of shareholders present at the extraordinary general meeting (EGM) voting for his ouster. Of the 197.04 crore shares in TCS, 170.85 crore shares were polled at the EGM called to consider a special...
December 13, 2016 -
Tata Industries removes Cyrus Mistry as director
Tata Industries removed Cyrus Misty as Director at the Extraordinary General Meeting (EGM) held on Monday morning. “Cyrus Mistry has been removed as director of Tata Industries,” media reports stated. “Tata Industries removed Cyrus Mistry as Director at EGM held on Dec 12,” the reports added. Mistry was removed as chairman of Tata Sons in...
December 12, 2016 -
Tata Group is no one’s personal fiefdom: Mistry
Tata Sons ousted Chairman Cyrus Mistry on Monday said the ‘Tata Group is no one’s personal fiefdom’. Mistry’s letter, addressed to the stakeholders, comes ahead of the extra-ordinary general meetings (EGMs) that have been called by several Tata Group companies to remove him from their respective boards. “The Tata Group is no one’s personal fiefdom:...
December 5, 2016 -
Tata Sons slaps legal notice on Nirmalya Kumar
Tata Sons has slapped a legal notice on ousted chairman Cyrus Mistry’s aide Nirmalya Kumar for alleged violation of confidentiality agreement and sought an unconditional apology for making “disparaging” remarks against the group and divulging information. Kumar, a visiting Professor of Marketing at London Business School who was member of the now disbanded Group Executive...
November 26, 2016 -
Mistry caused enormous harm to the company: TCS
IT major Tata Consultancy Services Limited (TCSL) on Monday pointed out that Tata Sons’ ousted Chairman Cryus Mistry has caused enormous harm to the company and its shareholders. “Mistry’s conduct has caused enormous harm to the Tata group, TCSL and its stakeholders, including employees and shareholders,” the company said in a regulatory filing to the...
November 21, 2016 -
Mistry hits back, says Tata Sons ‘misleading’ shareholders
Rebutting allegations of Tata Sons of rise in expenses during his tenure as “misleading”, ousted chairman Cyrus Mistry on Tuesday hit back saying networth of the holding company has actually risen and pointed out high costs relating to office and corporate jets used by Ratan Tata and his PR set. Mistry’s office in a statement...
November 15, 2016 -
Tata Chemicals director Bhaskar Bhat resigns
After independent directors “unanimously” backed Cyrus Mistry as Chairman, Tata Chemicals Director Bhaskar Bhat has resigned from the company's board saying concerns raised by him were “totally ignored”. “Bhaskar Bhat, non-executive, non-independent director, has resigned from the Board of the company w.e.f. November 10, 2016,” Tata Chemicals said in a BSE filing. In his resignation...
November 11, 2016 -
Tata Sons hits out at Mistry; accuses him of betraying trust
Launching a scathing attack on ousted chairman Cyrus Mistry, Tata Sons today accused him of betraying trust and trying to seek control of main operating firms of the over $100 billion group. In a nine-page statement, the promoter of the major operating Tata companies made a point by point rebuttal to the letter which Mistry...
November 10, 2016 -
Ishaat Hussain replaces Cyrus Mistry as TCS Chairman
Tata Consultancy Services (TCS) announced before the markets hours on Thursday that Ishaat Hussain will be the new chairman of the board of directors of the company in place of Cyrus Mistry with immediate effect. “The Company has received a letter dated November 9, 2016 from Tata Sons Limited nominating Ishaat Hussain as the chairman...
November 10, 2016