Contesting allegations of \u201cmismanagement\u201d at the group, Tatas said Friday former chairman Cyrus Mistry himself had suggested pre-consultation with his predecessor Ratan Tata to seek views on draft corporate governance code.<\/p>\n
\u201cMistry sought guidance…and after his removal, these acts were deemed as oppressive,\u201d Tata Sons\u2019 counsel Abhishek Manu Singhvi told the National Company Law Tribunal in Mumbai, which is hearing petitions filed by two firms controlled by the Mistry family against the Tata Group.<\/p>\n
The petitions have alleged \u201cmismanagement\u201d in the Tata Group and \u201coppression\u201d of minority shareholders.<\/p>\n
Mistry had instructed Tata Group companies to share information (with Ratan Tata), the lawyer said.<\/p>\n
A month before his dismissal as chairman, Mistry had circulated a draft corporate governance code, where he himself suggested a pre-consultation process with Tata who was emeritus chairman, and also suggested taking the views of Tata Trusts, Singhvi said.<\/p>\n
Mistry was talking about corporate governance only to air his dismay at being removed, the Tata lawyer said.<\/p>\n
\u201cIssues which were proper and normal in the business course before October 2016 suddenly became weapons of interference and oppression,\u201d Singhvi argued.<\/p>\n
Further, some of the articles of association of Tata Sons, questioned by the petitioners, were in existence unchallenged for over 140 years since the inception of the group, the lawyer said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Contesting allegations of \u201cmismanagement\u201d at the group, Tatas said Friday former chairman Cyrus Mistry himself had suggested pre-consultation with his predecessor Ratan Tata to seek views on draft corporate governance code. \u201cMistry sought guidance…and after his removal, these acts were deemed as oppressive,\u201d Tata Sons\u2019 counsel Abhishek Manu Singhvi told the National Company Law Tribunal […]<\/p>\n","protected":false},"author":1,"featured_media":18474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-18473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/18473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=18473"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/18473\/revisions"}],"predecessor-version":[{"id":18475,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/18473\/revisions\/18475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/18474"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=18473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=18473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=18473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}