NCLT dismisses Cyrus Mistry’s petition against Tata Sons

The National Company Law Tribunal (NCLT) on Monday dismissed a petition by former Tata Sons chairman Cyrus Mistry who had alleged oppression of minority shareholders and mismanagement by Tata Sons, drawing the curtains on an 18-months long feud.

The NCLT, a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies.

Mistry was ousted from the board of Tata Sons after a four-year stint in October 2016, and Ratan Tata was restored as the interim chairman.