City
Epaper

Shapoorji Pallonji Group files review petition in SC challenging verdict favouring Tata Group

By ANI | Updated: April 26, 2021 07:30 IST

Shapoorji Pallonji Group knocked on doors of the Supreme Court on Sunday by filing a review petition before it and challenged the top court's March 26 judgement in which it had ruled in favour of the Tata Group.

Open in App

Shapoorji Pallonji Group knocked on doors of the Supreme Court on Sunday by filing a review petition before it and challenged the top court's March 26 judgement in which it had ruled in favour of the Tata Group.

Notably, as per rules, the review petition is heard inside the chamber and before the same bench, which had passed the judgment in the case.

The Supreme Court in its judgement on March 26 had upheld the decision of the Tata Sons board in October 2016 to remove Cyrus Mistry -- its then chairman -- from office and later the company's board and set aside National Company Law Appellate Tribunal's (NCLAT) earlier order restoring Mistry's appointment as executive chairman of the Tata group.

The SP group had moved National Company Law Tribunal over Mistry's removal and alleging "oppression" of minority shareholders and "mismanagement".

The top court had said that all the questions of law are liable to be favoured for the Tata group.

In its verdict, SC had said that "We leave it to Tata Sons, Cyrus Mistry to take any legal route to resolve issues of shares."

The Supreme Court had dismissed pleas by Cyrus Investments and Sterling Investments.

The former CJI (Chief Justice of India) Sharad Arvind Bobde, led bench of the Apex Court, had passed the judgement on March 26.

"All the appeals filed by the Tata group against Cyrus Mistry are allowed", the CJI Bobde had said in the judgement.

The other two judges in the bench of the top court, along with the former CJI Bobde, who had pronounced the judgement were-- Justice AS and Justice V Ramasubraman.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: indiaTataSupreme CourtSharad Arvind BobdeShapoorji Pallonji GroupIndiUk-indiaRepublic of indiaIndia india
Open in App

Related Stories

NationalSupreme Court Dismisses PIL on Pahalgam Terror Attack Investigation

MumbaiMumbai: Gold Sales Cross ₹12,000 Crores Nationwide on Akshaya Tritiya; Mumbai MMR Sees ₹800 Crores Trade

NationalAkshaya Tritiya 2025: Gold Market Sees Huge Footfall Despite Price Hike (Watch Video)

NationalJustice BR Gavai Appointed as 52nd Chief Justice of India, Oath on May 14

NationalSexually Explicit Content on OTT, Social Media: Supreme Court Issues Notice to Centre

National Realted Stories

NationalAdopt precautions to deal with fire at Bandhwari landfill site in Gurugram: Deputy Commissioner

NationalHindu groups in Bhopal call for protest against 'love-jihad' today

NationalHindu activist murder case: Police deployed to Karnataka's Mangaluru; three teams hunt for accused

NationalAnother Nepali female student found dead at KIIT University in Bhubaneswar

NationalMP to strengthen farm-food sector ties; Mandsaur to host summit on May 3, Global Conclave in October