Tata-Mistry Case: Supreme Court Stays NCLAT Order Dismissing RoC Plea Seeking Modification Of Verdict
The Supreme Court on Friday stayed the National Company Law Appellate Tribunal's order dismissing the Registrar of Companies plea seeking modification of its verdict in the Tata-Mistry case.
An apex court bench, comprising Chief Justice SA Bobde, and Justices BR Gavai and Surya Kant, agreed to hear Tata Sons Pvt. Ltd's appeal and issued notice to the parties concerned. They said the bench would hear the matter along with the main plea filed by Tata Sons against NCLAT's verdict.
On Jan. 10, the Supreme Court stayed the NCLAT verdict restoring Cyrus Mistry as the executive chairman of Tata Group and had observed that there were "lacunae" in the order passed by the tribunal.