Pallonji Group to fight Cyrus Mistry's removal as Chairman of Tata Sons

Shapoorji Pallonji & Co has decided to fight Cyrus Mistry's removal as the Chairman of Tata Sons, according to reports.

If true, this could result in one of the biggest legal battles in the history of India Inc.  

Cyrus Mistry is the younger son of Pallonji Mistry, whose construction company Shapoorji Pallonji & Co is the biggest shareholder of Tata Sons, with a stake of about 18 per cent in Tata Sons.  

The Tata Sons Board has named Ratan N Tata as Interim Chairman of Tata Sons.

The Board has constituted a Selection Committee to choose a new Chairman.

The Committee comprises Ratan N Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons.

The committee has been mandated to complete the selection process in four months.