News Desk, AnyTV, New Delhi
Published by: Sanjeev Kumar Jha
Updated Mon, 28 Feb 2022 11:37 AM IST
Summary
On Cyrus Mistry’s plea, a three-member bench of Chief Justice NV Ramana, Justice AS Bopanna and Justice V Ramasubramaniam said that the petition will be heard after 10 days.
Supreme Court has agreed to hear Cyrus Mistry’s plea. In this petition, Mistry had sought removal of the remarks made against him while upholding the Tata Group’s decision to remove him as its chairman. The Supreme Court has now posted the matter for hearing after 10 days.
Mistry was removed from the post of chairman in October 2016.
Mistry was suddenly removed from the post of Tata Sons chairman on 24 October 2016 without assigning any reason. However, later in some press statements, the group claimed that Mistry was not performing as expected and that Tata Sons suffered losses under his supervision. On the other hand, according to Mistry, the loss figures did not include dividends from group’s huge profit making company TCS, which averaged over 85 per cent annually.
Expansion
Supreme Court has agreed to hear Cyrus Mistry’s plea. In this petition, Mistry had sought removal of the remarks made against him while upholding the Tata Group’s decision to remove him as its chairman. The Supreme Court has now posted the matter for hearing after 10 days.
Mistry was removed from the post of chairman in October 2016.
Mistry was suddenly removed from the post of Tata Sons chairman on 24 October 2016 without assigning any reason. However, later in some press statements, the group claimed that Mistry was not performing as expected and that Tata Sons suffered losses under his supervision. On the other hand, according to Mistry, the loss figures did not include dividends from group’s huge profit making company TCS, which averaged over 85 per cent annually.