The Supreme Court dismissed Thursday a petition filed by Shapoorji Pallonji Group towards its March 26, 2021, ruling that accepted the choice of Tata Sons to take away Cyrus Pallonji Mistry as the manager chairman and director of the group and overturned the National Company Law Appellate Tribunal (NCLAT) order reinstating him.
Mistry who had succeeded Ratan Tata because the chairman of Tata Sons in 2012 was ousted by the board 4 years later.
A bench presided by Chief Justice of India N V Ramana declined to entertain the plea. The courtroom, nonetheless, agreed to expunge sure remarks towards Mistry from final yr’s judgement even because it took exception to a comment in Mistry’s utility that mentioned “the judgment is worse than a press statement”.
“We have objection. The court has objection. You have said something against the court, not the other side,” mentioned Justice Bopanna.
The CJI instructed the counsel showing for Mistry that he ought to first withdraw the identical earlier than the courtroom can take into account the request to expunge remarks. Agreeing to withdraw the comment, the counsel mentioned there was no intention to harm the courtroom. Justice Ramasubramanian quipped: “Scores are settled, we have said something you have said something against us.” The bench mentioned the judges will confer and resolve what must be deleted.
Setting apart the December 18, 2019 order of the NCLAT, a bench headed by the then Chief Justice of India S A Bobde mentioned on March 26, 2021: “All the questions of law are liable to be answered in favour of the appellants-Tata group and the appeals filed by the Tata Group are liable to be allowed and the appeal filed by S.P. (Shapoorji Pallonji) Group is liable to be dismissed”.
Overruling the tribunal resolution to reinstate Mistry, who was eliminated initially as government chairman by the TATA Sons board via a decision dated October 24, 2016, and subsequently as director, the courtroom had mentioned: “His removal from directorship happened…for valid and justifiable reasons and hence NCLAT could not have laboured so much on the removal of CPM…”
“In any event the removal of a person from the post of executive chairman cannot be termed as oppressive or prejudicial in law,” the bench had identified. The courtroom was additionally important of Mistry’s conduct.
Welcoming the event, Ratan Tata, the Chairman Emeritus of Tata Group, tweeted: “We would like to express our grateful appreciation of the judgement passed and upheld by the Supreme Court today. It reinforces the value system and the ethics of our judiciary.”
We want to specific our grateful appreciation of the judgement handed and upheld by the Supreme Court at this time.
It reinforces the worth system and the ethics of our judiciary.
— Ratan N. Tata (@RNTata2000) May 19, 2022
