Tata Sons vindicated, says Ratan Tata after NCLT quashes Mistry's plea
Updated : July 09, 2018 07:16 PM IST
Mistry had cited sections 241 and 242 of the Companies Act 2013 in his appeal to the NCLT.
The sections deal with shareholder oppression and mismanagement.
The NCLT pronounced that board of directors is competent to dismiss the executive chairman.