Khushi Doshi
Published On: February 22, 2022 at 17:12 IST
The Supreme Court has granted a review petition filed by Cyrus Mistry in response to its decision in favour of Tatas last year. The petition was approved by a vote of 2:1, and the hearing has been scheduled for March 9.
On February 15, a three-Judge Bench led by Chief Justice NV Ramana and comprising Justices AS Bopanna and V Ramasubramanian heard the review Petition.
While deciding whether or not to accept the Petition, V Ramasubramanian issued a dissenting opinion, stating that he does not see any valid reason to review the previous year’s decision and accept the fresh review Petition.
The grounds raised in the review petitions do not fall within the scope of a review, and thus the applications for an oral hearing should be denied, according to the judge. Chief Justice Ramana and Justice Bopanna, both agreed that the review petition should be heard.
In March last year, the Supreme Court upheld the Tata Sons board’s decision in October 2016 to remove Cyrus Mistry, the company’s then-chairman, from office and later the company’s board, and set aside the National Company Law Appellate Tribunal’s (NCLAT) earlier order restoring Mistry’s appointment as executive chairman of the Tata group.
The NCLAT ordered Tata Sons to reinstate Cyrus Mistry as executive chairman in 2019, agreeing with Mistry’s claim that his removal was an act of oppression by Tata Sons’ majority shareholders, which included philanthropic trusts.
In 2021, the Supreme Court overturned the order in favour of Tatas.