NCLAT restores Cyrus Mistry as executive chairman of Tata Group

The National Company Law Appellate Tribunal on Wednesday restored Cyrus P Mistry as executive chairman of Tata Group. It also termed that appointment of N Chandrashekhar as executive chairman illegal. However, the tribunal said the restoration order will be operational only after four weeks, the time allowed to Tatas to file an appeal.

from Times of India https://ift.tt/2PwAinS