Thursday, 19 December 2019

Cyrus Mistry won the battle in NCLET



Cyrus Mistry won the battle in NCELT

There was dispute going on between ratan Tata and Cyrus mistri
Ratan Tata appointed Cyrus Mistry Aditya person of Tata sons after his retirement
Mystery family has as 18% of stakes or shares  soof Tata sons
Tata trust 66% stake aur share of Tata sons
Because of improper decisions of Cyrus Mistry and difference of opinion between ratan Tata and Cyrus Mistry Tata sons board remove Cyrus Mistry from the appointment of Tata sons

Cyrus Mistry wanted tu to exit from the products which are not making profit but ratan Tata has different opinions
Clashes dispute fight between these two people keep on increasing day by day for a year

144 years old TATA sons company after retirement of ratan Tata handed over to Cyrus Mistry
4 years Cyrus Mistry handled Tata sons but after sometime board of Tata sons blamed Cyrus Mistry of disclosing some important it information to to outside people because of which Tata sons suffers losses

Earlier Cyrus Mistry used to take advice from ratan Tata before making any decision but Cyrus Mistry closed nano plant aur Nanu production which heart ratan Tata

Cyrus Mistry was not in favour of purchasing costly hotels by Tata groups to expand

Tata steel United kingdom losses where another reason for the dispute between ratan Tata and Cyrus mistri

Cyrus Mistry was fighting this battle since last 3 years and now nclt has given verdict in favour of Cyrus Mistry but ratan Tata and board of members of Tata sons can go to supreme court also against the decision

Today Tata net worth is more than 110 billion dollars

 Tata group till date it is considered and known for the good things and employee oriented company best workplace to work for

From 2016 Tata Company witnessed difference of opinion between Cyrus Mistry and ratan Tata

Nclet declared the decision of removing Cyrus Mistry from the executive chairman post was illegal and appointing someone on that place was also illegal
The decision was not as per the companies act and as per the RBI act so cannot be considered and it is illegal



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