Sudden Removal Shocks Cyrus Mistry; Seeks Appointment With PM ModiOctober 26, 2016 13:39
Cyrus Mistry, who was recently ousted as a chairman of the Tata Sons by the Board of Tata Sons is shocked by the decision taken by the Board and said that he was not given a chance to defend himself.
Mistry has send emails to the Board members, in which he has written that the decision by the board has left him shocked beyond words and has termed the board meetings as illegal and invalid.
Although Cyus Mistry had made it clear earlier that he does not want to approach court over his removal, the Tata Group had filed a caveat in the Bombay High Court and the National Company Law Tribunal to prevent Cyrus Mistry from filing any complaint against the group.
Mistry has also filed three caveats against Ratan Tata, Tata Sons, Sir Dorabji Trusts along with one caveat against Ratan Tata and Tata Sons by Cyrus Investments Pvt. Ltd.. All these caveats have been filed by a leading law firm Amarchand Mangaldas.
Mistry, 48, was chosen as the successor of Tata Group after Ratan Tata, 72, in 2011. He was appointed as a chairman in December 2012.
Mistry Seeks Advice From PM Modi
According to the reports, after his removal, Cyrus Mistry is seeking an appointment with Prime Minister Narendra Modi in New Delhi to discuss the issue and argue against his removal.
Although there isn’t any confirmation on the news, speculations are there that Mistry is keen to meet PM Modi to take his advice on the issue.