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Cyrus Mistry News
Cyrus Mistry was removed from Tata Sons without any intimation: Investment firms to NCLAT
Wed, Jan 09, 2019
Cyrus Mistry was removed as chairman of Tata Sons without any prior intimation, the National Company Law Appellate Tribunal (NCLAT) was told on Tuesday by two investment firms promoted by the Mistry family.
Cyrus Mistry vs Tata group: An RTI reply sheds light on this surprising tun of events
Wed, Nov 14, 2018
The Ministry of Corporate Affair's western region director had raised questions on some of the grounds Registrar of Companies (RoC) used to declare that the sacking of Cyrus P Mistry as chairman and director of Tata Sons and Tata Consultancy Services (TCS) violated Companies Act and RBI rules, according to an RTI reply.
Big setback for Tatas in fight with Cyrus Mistry! RTI revelation rocks India Inc
Wed, Oct 31, 2018
The abrupt sacking of Cyrus Mistry as the chairman and director, respectively, of Tata Sons and its crown jewel TCS violated provisions of the Companies Act, RBI rules and more importantly, Tatas' own articles of association, RoC, Mumbai said in an RTI reply.
Cyrus Mistry forms Mistry Ventures LLP, brings senior Boston Consulting Group partner to lead firm
Fri, Oct 26, 2018
Cyrus Mistry has formed Mistry Ventures LLP to provide strategic insights and advice to businesses, incubate new ventures and provide seed, early stage and growth capital to startups in India and globally.
Who is the richest man in India? Billionaire on 9th spot surprises
Wed, Sep 26, 2018
Reliance Industries Chairman Mukesh Ambani has topped the "Barclays Hurun India Rich List-2018" for the seventh consecutive year, an official said in Mumbai today.
NCLAT declines stay on Tata Sons' conversion to pvt co; says Cyrus Mistry can't be forced to sell stake
Fri, Aug 24, 2018
In September last year, Tata Sons had received shareholders' nod to convert itself into a private limited company from being a public limited company, limiting in effect Cyrus Mistry family's ability to sell their stake to outsiders.
NCLT dismisses ousted Chairman Cyrus Mistry's petition against Tata Sons
Tue, Jul 10, 2018
The National Company Law Tribunal (NCLT), a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies.
NCLT verdict favours Tata Sons; Cyrus Mistry to appeal against order, terms ruling as 'disappointing'
Mon, Jul 09, 2018
Cyrus Mistry was ousted as Tata Sons Chairman in October 2016. Two months later, he and his family-run investment firm, Cyrus Investments, approached the NCLT as minority shareholders against the corporate monolith and others, including Ratan Tata, alleging oppression and mismanagement.
Big setback for Cyrus Mistry in fight against Tata Sons, this is what NCLT did
Mon, Jul 09, 2018
Cyrus Mistry had alleged mismanagement and oppression of minority shareholders by Tata Sons Chairman emeritus Ratan Tata and other trustees. Earlier, the ousted chairman fired a fresh salvo at the management questioning the rationale behind some actions like the free sale of its telecom arm to Airtel, massive debt-driven acquisitions by Tata Steel and its unequal tie-up with Thyssenkrupp, and a first-ever dip in TCS profit among others.
Ahead of NCLT verdict, Cyrus Mistry fires fresh salvo at Tata Sons
Sun, Jul 01, 2018
The Mumbai bench of the NCLT will deliver its verdict on July 4 on the bitter legal feud that Mistry has been fighting ever since dismissal as the chairman of the Tats Sons on October 24, 2016. The key allegation by Mistry camp is that his removal as chairman and subsequently as a director of the board Tata Sons was a result of oppression by the promoters who are in turn owned by Tata Trusts that owns over 68 per cent in Tata Sons.
AirAsia row: Cyrus Mistry blasts Tatas for 'shameful' case
Thu, May 31, 2018
Mistry said Venkataraman had many roles including that of Executive Assistant to Ratan Tata at the time of the formation of the company, Tata Sons's nominee on the board, as well as that of a shareholder with a 1.5 per cent stake in the company. "Therefore, his weak excuse that he was only a non-executive director without any responsibility is totally without any merit," he said.
AirAsia case: Cyrus Mistry blamed for accusations against Tony Fernandes by Tata Trusts exec
Wed, May 30, 2018
The CBI has registered a case against AirAsia Group CEO Tony Fernandes, Venkataramanan and other officials for allegedly trying to manipulate government policies through corrupt means to get international licence.
Defamation complaint: Court sets aside summons to Cyrus Mistry
Wed, Dec 27, 2017
Mistry and the other accused had approached the sessions court after the metropolitan magistrate issued the summons in July this year directing them to appear before it.
Focus on simplification, synergy, scale: Chandrasekaran to Tata workers
Wed, Dec 27, 2017
Chandrasekaran, who took over as the chief of the Tata group in February this year after the unceremonious ouster of Cyrus Mistry last year, said he was "more convinced than ever before about the future power and potential of the Tata businesses".
Mistry firms seek to amend plea in Mumbai NCLT against Tatas
Fri, Nov 03, 2017
Cyrus Investments and Sterling Investments filed the amendment pleas, after the National Company Law Appellate Tribunal (NCLAT) on September 21 asked it to approach the Mumbai NCLT.
Tata Steel, Air India deal not profitable to Tata Group, says ex-Chief of Strategy Nirmalya Kumar
Thu, Oct 26, 2017
Nirmalya Kumar, former Chief of Strategy at Tata Group speaks about the current strategy of the company and what he would have done differently.
'I am being sacked', Mistry texted wife before board meet
Sun, Oct 22, 2017
"I am being sacked" was the text message former Tata Sons chairman Cyrus P Mistry sent to his wife Rohiqa minutes after he was asked to either resign or face termination over Tata Trusts losing confidence in him for a variety of reasons.
Tata battle: NCLAT grants shareholding waiver to Mistry
Thu, Sep 21, 2017
Mistry has been locked in a legal battle with the Tatas since his unceremonious exit as chairman of Tata Sons -- the promoter company of the USD 105-billion car-to-software Tata group in October last year.
Face of Tata group to change in next decade, Ratan Tata says
Thu, Sep 21, 2017
Hinting at consolidation and possible divestments of certain businesses which once defined the group, Tata said the conglomerate may look very different in the next decade, although the 150-year-old group will always strive to retain its culture.
After Indian Hotels, Cyrus Mistry aims at Tata Motors with Rs 4,000 crore NPA loss due lending practices
Tue, Aug 22, 2017
After hitting out at Indian Hotels management, Cyrus Mistry fired a fresh salvo at another Tata Sons company, Tata Motors on Tuesday.