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India’s Supreme Court today ruled its final verdict in the Tata vs Mistry case. The Supreme Court ruled in favour of the Tata Group and dismissed an appellate court order that allowed Cyrus Mistry to be reinstated as the group Chairman.The top court said that all the laws were in favour of the Tata Group. “We cannot adjudicate on the question of compensation and they can take the route under Article 75. Order of NCLAT is set aside. Appeal by TATA group is upheld. Appeal by SP group is dismissed. Appeal by Cyrus Investments is dismissed,” said Chief Justice of India SA Bobde during the order.
India’s Supreme Court today ruled its final verdict in the Tata vs Mistry case. The Supreme Court ruled in favour of the Tata Group and dismissed an appellate court order that allowed Cyrus Mistry to be reinstated as the group Chairman.The top court said that all the laws were in favour of the Tata Group. “We cannot adjudicate on the question of compensation and they can take the route under Article 75. Order of NCLAT is set aside. Appeal by TATA group is upheld. Appeal by SP group is dismissed. Appeal by Cyrus Investments is dismissed,” said Chief Justice of India SA Bobde during the order.
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