The National Company Law Tribunal (NCLT) is expected to pronounce on Monday its judgement on a petition filed by Cyrus Mistry challenging his ouster as chairman of the Tata Sons group, bringing the 18-month-old Tata-Mistry battle to a possible end.
Mistry had taken over as the chairman of the Tata Sons group in 2012 after Ratan Tata announced his retirement.
Mistry, who was the sixth chairman of the group, was ousted from the position in October 2016.
In the petition filed under the Companies Act, Mistry has claimed that his removal was due to a result of mismanagement by the board's trustees and oppression of minority shareholders of the group.
The legal feud has seen a war of words unprecedented in the Tata Group's 150-year-old history and in the history of corporate India. Both sides have exchanged barbs through defamation suits, hundreds of affidavits and references to past emails and letters. Here's everything you need to know about the 18-month-old Tata-Mistry feud
Mistry firms' allegations against Tata Sons at NCLT
- Mismanagement at Tata Sons and oppression of minority shareholders
- Corporate governance breakdown and excessive interference by Tata Trusts
- Illegal removal of Cyrus Mistry
- Abuse of Articles of Association
- Violation of insider trading norms
Tata Sons' response
Allegations against Ratan Tata
Ratan Tata's rebuttals
- It was Mistry who extended Tata an invitation to be chairman emeritus
- Mistry actively sought guidance from Tata and his suggestions were not unsolicited
- Mistry's removal as a chairman was led by trust deficit among Tata Sons directors
- Foreign acquisitions and Tata Sons' investment in the aviation sector was a unanimous decision of the Tata Steel board
What Mistry family wants NCLT to do