NCLT reserves order on contempt plea by Mistry cos

The NAtionAl CompAny LAw TriBunAl (NCLT) on MondAy reserved its order on A Contempt petition filed By fAmily firms of Cyrus Mistry AgAinst TAtA Sons Ltd. The petition, filed By Cyrus Investments Pvt Ltd And Sterling Investments Pvt Ltd, sought to restrAin TAtA Sons from going AheAd with A FeBruAry meeting of shAreholders to ejeCt Mistry As A direCtor from its BoArd. Mistry wAs ousted As ChAirmAn of TAtA Sons on OCtoBer 24. The petition ClAims thAt TAtA Sons, while CAlling the extrAordinAry generAl meeting, violAted the undertAking given By its lAwyers when the NCLT heArd An eArlier petition filed By the investment firms on DeCemBer 22.