Industry

NCLAT adjourns RoC plea on Tata-Mistry case till Friday

File photo of Ratan Tata (left) with Cyrus Mistry.

File photo of Ratan Tata (left) with Cyrus Mistry.   | Photo Credit: PTI

The counsel for Tata Sons informed the appellate tribunal that the company has moved the Supreme Court against its order passed on December 18

The hearing of Registrar of Companies’ plea, seeking modifications in the National Company Law Appellate Tribunal’s (NCLAT) judgement in which Cyrus Mistry was reinstated as the executive chairman of Tata Sons, has been adjourned till Friday.

 

A two-member bench headed by Chairman Justice S.J. Mukhopadhaya asked the Ministry of Corporate Affairs to submit details of the definition of private and public companies under the rules of the Companies Act.

The bench has also asked for clarification on the paid up capital requirement for the same.

Meanwhile, the counsel appearing for Tata Sons informed the appellate tribunal that the company has moved the Supreme Court against its order passed on December 18.

However, the petition is yet to be listed, the counsel added.

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Printable version | Feb 26, 2020 12:26:22 PM | https://www.thehindu.com/business/Industry/nclat-adjourns-roc-plea-on-tata-mistry-case-till-friday/article30458145.ece

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