The Supreme Court (SC) is likely to take up the Tata vs Mistry battle today. The issue under consideration is that of separation. The Pallonji Group has submitted an affidavit whereby it has laid out its own scheme of separation.
It essentially boiled down to pro-rata distribution of assets as well as shareholding in companies.
The question is whether or not will it cut any ice with the Tatas. Will the Tatas be comfortable to do that? Do they have a separation plan of their own? How will they respond?
All eyes remain on the first hearing after the scheme of separation was filed by the Pallonji Group. CNBC-TV18’s Ashmit Kumar has more details