Tuesday, 24 January 2017

Mistry replies on Tata Sons' 'counter-allegations'

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Tata Sons' ousted Chairman Cyrus Mistry on Monday replied to the National Company Law Tribunal (NCLT) on the "counter-allegations" made by the holding company of the industrial conglomerate. The replies came through an affidavit which was filed by Mistry's investment companies to the NCLT's Mumbai bench.

The rejoinder comes after Tata Sons had filed an over 200-page affidavit with the NCLT earlier in January, rebutting charges levelled against it by the investment companies of Mistry. Currently, the NCLT in Mumbai is hearing the petition filed by Mistry's investment companies.

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