INSUBCONTINENT EXCLUSIVE:
Cyrus Mistry was removed as the chairman of Tata Sons in October 2016.New Delhi: Supreme Court on Monday agreed to hear Cyrus Mistry's
plea seeking to expunge remarks against him in its 2021 verdict, which was in favour of Tata Group
Mr Mistry's plea mentioned that the top court's remarks in the judgment raised questions about his reputation and character.The court
said that it will hear the matter in 10 days
Tata Sons has opposed the plea.Tata Sons Chairman Emeritus Ratan Tata had said the 2021 order validated the values and ethics that always
guided the Tata group.Mr Mistry had succeeded Ratan Tata as the Chairman of Tata Sons in 2012 but was ousted four years later.The Shapoorji
Pallonji Group had told the court that Mr Mistry's removal as the chairman of Tata Sons at a board meeting held in October 2016 was akin
to a "blood sport" and "ambush", in complete violation of the principles of corporate governance and in pervasive violation of the Articles
of Association in the process.The Tata Group had vehemently opposed the allegations and denied any wrongdoing, saying the board was well
within its right to remove Mr Mistry as the chairman.In a separate development, the top court has agreed to hear in open court a review plea
filed by Cyrus Investments Ltd against its order setting aside appellate tribunal NCLAT's order which had restored Mr Mistry as the
Executive Chairman of the Tata Group
The matter will be heard on March 9.The National Company Law Appellate Tribunal had in December 2019 restored him as the Executive Chairman
That order, challenged by the Tatas, was scrapped by the Supreme Court in March last year.