Weekly Current Affairs


NCLT dismisses Mistry family firms’ contempt plea against Tatas

  • The National Company Law Tribunal (NCLT) has dismissed the contempt petition filed by the investment firms of Cyrus Mistry’s family against Tata Sons and others on charges of violating the tribunal’s December 22 order by convening an extraordinary general meeting (EGM) to consider the removal of Mr. Mistry from the company’s board.
  • The tribunal, however, allowed Mr. Mistry to file a rejoinder that would be heard along with the main petition filed by the former chairman of Tata Group.
  • Mr. Mistry was abruptly removed as the chairman of Tata Sons on October 24, 2016.