Cyrus Mistry reappointed Tata chairman by NCLAT
- The National Company Law Appellate Tribunal (NCALT) has restored Cyrus Mistry as the executive chairman of Tata Sons.
- The NCLAT stated that Ratan Tata’s actions against Mistry were oppressive and that the appointment of N Chandrasekaran as the chairman was illegal.
- Tata has to challenge this ruling in the Supreme Court if it’s not okay with it, or within the next four weeks, this order will come into effect.
- Mistry was sacked from his role back in October 2016, around four years after had taken over as the company’s executive chairman. Subsequently, he resigned from all Tata Sons companies in December.