New Delhi: The Supreme Court on Monday agreed to hear Cyrus Mistry’s plea to remove comments made against him in its 2021 verdict, which was in favor of Tata Group. Mistry’s plea noted that the highest court’s comments in the verdict raised questions about his reputation and character.
The court said it will hear the case within 10 days. Tata Sons has opposed the plea.
Tata Sons Chairman Emeritus Ratan Tata had said the 2021 order validated the values and ethics that have always guided the Tata group.
Mistry succeeded Ratan Tata as chairman of Tata Sons in 2012, but was ousted four years later.
The Shapoorji Pallonji Group had told the court that the removal of Mr Mistry as chairman of Tata Sons at a board meeting in October 2016 was akin to a “blood sport” and “ambush”, in complete violation of corporate governance principles and in pervasive violation of the statutes in the process.
The Tata Group had strongly opposed the allegations and denied any wrongdoing, saying the board had the right to remove Mistry as chairman.
In a separate development, the Supreme Court has agreed to hear in public court a review petition filed by Cyrus Investments Ltd against the NCLAT Appeals Court order quashing that had reinstated Mr Mistry as executive chairman of the Tata Group. The case will be heard on March 9.
The National Company Law Appellate Tribunal reinstated him as executive chairman of Tata Sons in December 2019. That order, challenged by the Tatas, was overturned by the Supreme Court in March last year.