Mistry Cos Withdraw Clarification Plea
New Delhi: The Cyrus Mistry camp on Thursday withdrew its recent application with NCLAT seeking clarification on the forum’s order that rejected its plea for a stay on shareholder meeting called to remove him from the Tata Sons board.
Cyrus Investments' application was listed before the National Company Law Appellate Tribunal (NCLAT) bench headed by its Chairman Justice S J Mukhopadhaya. However, the counsel representing Mistry side withdrew the application. They submitted that they do not want to pursue the matter.
“It was just a procedural application only. It was for some clarification and then the counsel decided among themselves,” said one of the counsel in the know. On February 3, NCLAT had quashed a set of petitions filed by the investment firms seeking stay over the shareholder meeting called by Tata Sons for Cyrus Mistry's removal as a director.— PTI.
NCLAT had quashed pleas filed by Mistry cos seeking stay on Tata Sons meeting for Mistry's removal from board