Not clear how NCLAT order seeks to overrule shareholders' decision, Tata Sons says on Cyrus Mistry's reinstatement

Tata Sons stated it was not clear how NCLAT overruled decisions taken by its shareholders after the appellate authority reinstated ousted executive chairman Cyrus Mistry. The holding company of Tata group firms said on Wednesday it will take appropriate legal recourse against the NCLAT judgement.

Reacting to the order of the National Company Law Appellate Tribunal (NCLAT), Tata Sons said the "order appears to even go beyond the specific reliefs sought by the appellant (Mistry)".

"It is not clear as to how the NCLAT order seeks to over-rule the decisions taken by shareholders of Tata Sons and listed Tata operating companies at validly constituted shareholder meetings," Tata Sons said.

Tata Group has four weeks to challenge NCLAT's reinstatement of Cyrus Mistry