tata:   SC to hear SP Group’s plea for reopening Tata-Mistry judgment | India News - Times of India

tata: SC to hear SP Group’s plea for reopening Tata-Mistry judgment | India News – Times of India

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NEW DELHI: The Supreme Court on Monday agreed to accord open court hearing to Cyrus Investments’ plea seeking review of its nearly a year-old decision in favour of Tatas, which had eme rged victorious in a bitter tussle with Shapoorji Pallonji Group over removal of Cyrus Mistry from the post of executive chairman of Tata Sons.
A bench of Chief Justice N V Ramana and Justices A S Bopanna and V Ramasubramanian, by 2-1 majority, allowed “oral hearing of the review petitions” filed by SP Group companies against Tata Consultancy Services and other Tata Group companies. Justices Ramana and Bopanna ordered the listing of the review petitions by Cyrus Investments and Sterling Investments for hearing in open court on March 9.
Justice Ramasubramanian struck a dissent note by saying the grounds for review of March 26, 2021 judgment raised in the petitions of SP Group companies “do not fall within the parameters of a review and hence applications seeking oral hearing deserve to be dis missed”. Review p etitions are decided in chamber without the assistance of advocates for the parties. With the SC deciding to permit open court hearing, there would be another round of bitter courtr oom tussle on March 9.
On March 26, 2021, a bench of then CJI S A Bobde and Justices Bopanna and Ramasubramanian had upheld the removal of Cyrus Mistry from the post of executive chairman of salt-to-software conglomerate Tata Sons and landed a knockout punch on the SP Group by rejecting all its accusations against Tata Sons and Ratan N Tata, including the oppressive practices by the Tata boar d against minority shareholders.
Branding Mistry and SP Group as poor losers, the SC in a 282-page judgment had shredded the arguments of Mistry and team against Tata Sons and Ratan Tata and wondered as to how National Company Law Tribunal could have deviated from the law to order Mistry’s reinstatement even after expiry of his tenure as executive chai rman and direct re-conversion of Tata Sons into a public company.



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