NCLAT restores Cyrus Mistry as Chairman of Tata Sons

In a big win for Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Wednesday ordered restoration of him as the Executive Chairman of Tata Sons.

NCLAT also held appointment of N Chandra as Executive Chairman illegal.

However, the two-judge tribunal headed by Justice S.J. Mukhopadhyay said the restoration order will be operational only after four weeks, the time allowed to Tatas to file an appeal.

The Mistry family owns 18.4% stake valued at $17 billion in Tata Sons.

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