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Mistry versus Tata group- Who will win the battle?

Ever since Cyrus Mistry’s exit as the Chairman of Tata Sons, he has been locked in a legal battle with Tata Sons over the oppression of minority shareholders and extension of undue favours and discounts to Tata sons’ close business network.

The legal battle has been moved to the National Company Law Tribunal (NCLT) wherein the two companies owned by Mistry are up against the Tata sons primarily for oppression of minority shareholders and passing undue favours to close business network.

Also, Mistry’s lawyer has said that Tata group’s way of doing business based on emotions and not on proper risk management is what has led to the Nano debacle as even after the Board had decided to stop Nano production in 2016 due to heavy losses.

Mistry has accused that Tata Sons had extended undue favours, discounted share price in Tata Group companies and management contracts to its cozy business network like Chennai-based businessman and Aircel founder C Sivasankaran. 

Now, let’s see how this legal battle end in the future as Tata Sons is likely to reply with their Plea by January 11.