India Today

A Twist in the Tale

Even as the corporate world debates the implications of the National Company Law Appellate Tribunal (NCLAT) judgment, reinstating Cyrus Mistry as chairman of Tata Group holding company Tata Sons, several legal experts are of the opinion that the order would be put to judicial test on various parameters. Corporate lawyer Cyril Shroff cites three. First, the rule of majority: can a person removed by majority shareholders

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