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Cyrus Mistry-Tata Sons saga: A timeline of events that unfolded
Updated On: 19 December, 2019 02:49 PM IST | Mumbai | mid-day online correspondent
The National Company Law Appellate Tribunal (NCLAT) restored Cyrus Mistry as the Executive Chairman of Tata Sons, three years after he was removed as Chairman of Tata Sons. Here's a timeline of events that unfolded in the Cyrus Mistry-Tata Sons saga
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Cyrus Mistry
The National Company Law Appellate Tribunal (NCLAT) on Wednesday ordered the reinstatement of Cyrus Mistry as chairman of the Tata Group. Mistry was removed from his post as chairman of the group’s holding company in 2016. We take a look at the developments of the three-year-old saga that began in October 2019 with the ouster of Cyrus Mistry as Chairman and subsequent appointment of Natarajan Chandrasekaran as the new head of the Tata Group.
Cyrus Mistry, an Irish businessman of Indian origin, was appointed as the Chairman of the Tata Sons in 2012 following incumbent chairman Ratan Tata announced his retirement as head of the Tata Group. However, on October 24, 2016, Mistry was sacked from the position of Chairman of Tata Sons by the board members of the company, a decision that came as a shock to the corporate world because Cyrus Mistry was handpicked by his predecessor Ratan Tata to take over the Tata conglomerate .
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