Something like this began the combat
24 October 2016
Cyrus Mistry was once got rid of from the put up via the board of Tata Sons. The corporate had appointed N Chandrasekaran as government chairman instead of Mistry. His ‘non-performance’ was once cited as the rationale at the back of this. Since then he was once preventing a felony struggle with the Tata Group.
20 December 2016
On 20 December 2016, Cyrus Investments Pvt Ltd and Sterling Investments Corporation Pvt Ltd reached NCLT Mumbai complaining of malpractice control and suppression of minority shareholders in Tata Sons. Both additionally challenged the removing of Mistry from the put up.
12 January 2017
Tata Sons appointed N Chandrasekaran because the chairman of the corporate, who was once then the CEO and managing director of TCS.
6 February 2017
Mistry was once got rid of as a director at the board of Tata Sons, the preserving corporate of the Tata Group.
6 March 2017
The NCLT has disregarded the petition of each the funding corporations, mentioning the manability factor, that they don’t have sufficient possession within the corporate to record a criticism of drive on minority shareholders underneath the Companies Act. The Mistry circle of relatives holds 18.4% stake in Tata Sons. But if the peripheral stocks are got rid of, the preserving comes all the way down to not up to 3%.
April 17, 2017
NCLT Mumbai disregarded the petition of each the funding corporations, mentioning a minimum of 10 in step with cent stake for the criticism.
27 April 2017
Both the funding corporations challenged the NCLT order within the NCLAT.
5 October 2017
Both the corporations reached the Principal Bench of NCLT Delhi and sought switch of the topic from Mumbai to Delhi. The Principal Bench reserved the order at the petition of each.
July 9, 2018
NCLT Mumbai disregarded Mistry’s plea towards his removing from the put up of Tata Sons chairman. The NCLT additionally mentioned that the allegations of mismanagement within the Tata workforce corporations additionally would not have advantage.
August 3, 2018
Both the funding corporations challenged the NCLT determination within the NCLAT.
August 29, 2019
The NCLAT allowed the petition filed via Cyrus Mistry individually and made up our minds to listen to it along side the petition filed via the 2 funding corporations.
18 December 2019
NCLAT orders reinstatement of Cyrus Mistry as government chairman of Tata Sons.