Everand Logo

Welcome to Everand!

  • Business Today

    Legal Shocker

    Dec 26, 2019 4 minutes
    BY NEVIN JOHN
    "I believe it is now time that all of us work together for sustainable growth and development of the Tata Group…"
    – Cyrus Mistry

    The National Company Law Appellate Tribunal (NCLAT) delivered a body blow to the 150-year-old, $110-billion, salt-to-software Tata group when it reinstated former chairman Cyrus Mistry, who was unceremoniously removed in October 2016. It also asked current Tata Sons chairman N. Chandrasekaran to resign. That’s not all. The appellate tribunal, whose decision can be appealed only in the Supreme Court, has ordered reversal of the Tata group’s decision to convert holding company Tata Sons into a private limited firm from a public entity. None of these were anticipated.

    The NCLAT has,

    You’re reading a preview, subscribe to read more.

    More from Business Today

    Business Today3 min read
    Road Warrior
    IN THE HEART of Khalid Wani, who is the Senior Director of Sales for the India region at the American storage drive maker, Western Digital, beats the rhythm of a fervent traveller. He’s a man who believes passionately that the most precious memories
    Business Today2 min read
    All That Glitters
    THE YEAR 2024 has so far, been a dazzling one for gold, which has recorded a new high of more than ₹73,000 per 10 gm on the MCX in 2024. The prices are up by more than 10% this year, outperforming the Nifty. The current bullish trend in gold prices i
    Business Today1 min read
    Low Burden
    A combined approach of individual and HUF income can help a married couple enjoy more tax benefits Gifts received from spouse are tax-free up to ₹50,000 A taxpayer can reduce tax liability or avoid clubbing income by loaning to their spouse at a cert

    Related Books & Audiobooks