Cyrus Mistry says tribunal recognised “oppressive conduct” of Tata Sons, not interested in returning: news agency ANI

cyrus mistry 625x300 1531122036704

A day ahead the Supreme Court hearing, in which Ratan Tata challenged the National Company Law Tribunal’s (NCLAT) verdict reinstating Cyrus Mistry as the Tata Sons Chairman, Cyrus Mistry has said, “I am humbled by the NCLAT order, which after review of the enormous material on record, recognized the illegal manner in which I was removed and the oppressive and prejudicial conduct of Mr. Tata and other Trustees.”

Mr Mistry also made it clear that he does not intend to pursue executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries.

“I intend to make it clear that despite the National Company Law Appellate Tribunal (NCLAT) order in my favour, I will not be pursuing the executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries,” Mr Mistry said.

Credit: Source link

Author: ApnayOnline

ApnayOnline.com is an oline news portal which aims to provide latest trendy news around the Asia

Leave a Reply

Your email address will not be published. Required fields are marked *