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Tata Sons Served With Petition Filed Before National Company Law Tribunal By Cyrus Mistry
Swarajya Staff
Dec 20, 2016, 09:16 PM | Updated 09:16 PM IST
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Tata Sons today (20 December) said it has been served with a petition filed before the National Company Law Tribunal (NCLT) by its ousted Chairman Cyrus Mistry's investment companies. The holding company of the industrial conglomerate Tata Group said in a statement,
Tata Sons reiterates that it has followed the highest standards of corporate governance in its operations and views the petition as an unfortunate outcome of the situation arising from Mistry’s complete disregard of the ethos of the Tata Group and Jamsetji Tata.
The development comes a day after Mistry said that he will step down from positions held by him in Tata Group companies which have called for extra-ordinary general meetings (EGMs) to remove him from their respective boards. Tata Sons had responded to it by saying this was a deliberate strategy on the part of Mistry.
With inputs from IANS
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