Tata vs Cyrus Mistry says don’t want to be chairman of Tata Sons
Mistry has issued this statement at a time when the Supreme Court is going to hear his dispute with the Tata group. |
| Cyrus Mistry no longer wants any position in Tata group | Image Secure: Reuters |
Cyrus Mistry, who was removed as the chairman of the Tata group, said on Sunday that he was not willing to take up any position by returning to the Tata group. He said in a statement released late evening that he is taking this decision keeping in mind the interests of the Tata group. The interests of the Tata group are above the interests of him or any other person and are more important.
Mistry has issued this statement at a time when the Supreme Court is going to hear his dispute with the Tata group. Mistry was expelled from the Tata group chairman and the board of directors of the group companies in 2016. The National Company Law Appellate Tribunal (NCLAT) recently ruled to reappoint Mistry to these posts. The decision of NCLAT has been challenged in the Supreme Court by Tata Sons and group companies.
Efforts will be made to make a place in the board of directors
"I want to make it clear that while ending the ongoing propaganda, I do not want to hold the post of Executive Chairman of Tata Sons and Director of TCS, Tata Teleservices and Tata Industries even after the NCLAT decision is in my favor," Mistry said. Am However, I will do my best to defend my rights as a minority shareholder and get a position on the board of directors. "
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