Disappointed but my conscience is clear: Cyrus Mistry gives verdict on Tata Tussle in Supreme Court

Osted Tata Sons chairman Cyrus Mistry on Tuesday expressed disappointment over the Supreme Court’s order in the fight against his removal from office, but his conscience was clear and he was told about the generational change in leadership during his tenure. There was no doubt. . The apex court’s order on Friday lifted the National Company Law Appellate Tribunal (NCLAT) order reinstating Mistry as the group’s executive chairman, while allowing appeals filed by the Tata group.

“Every member of society sees institutions such as courts to validate and uphold the suitability of their actions and beliefs. “As a minority shareholder of Tata Sons, I am personally disappointed by the outcome of the decision regarding our case,” Mistry said in a statement. he adds, “Although I will no longer be able to directly influence the direction of governance of the Tata group, I hope that the issues I have raised will lead to deeper reflection and influence the individuals concerned with the change.

I sleep with a clear conscience. On Friday, a division bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramaniam allowed the appeal filed by the Tata group. The court said, “All questions of law are liable to be answered in favor of the appellants, which are filed by the Tata group and the appeal filed by the Tata group may be allowed and which can be dismissed by the Shapoorji Pallonji group is. The apex court granted relief to the Tata group on 10 January last year on the order of the NCLAT, by which Mistry was reinstated as the group’s acting chairman. While considering the order of the Supreme Court, Mistry said, “Life is not always fair, but are we still lucky?” I am fortunate to have the unwavering support of my family, friends, colleagues – past and present. I am grateful to our legal team who have remained steadfast and steadfast beyond their call of duty through this journey. “This is another step in the development of life for me and my family.

We will celebrate the good times and knock on our chin. “Mistry, who raised a number of issues related to corporate governance and transparency, including fraudulent transactions involving Rs 22 crore to non-existent entities in India and Singapore in a joint venture with Air Asia, besides his take on Ratan Tata Accusing him of feeling insecure about the legacy, he said that he has reflected his actions since exiting the Tata group. “In the last four years, I have had the opportunity to reflect on my actions and whether I could have handled the generational change in leadership better. He said, “When I made many mistakes, I had no doubt about the direction I had chosen, the honesty behind my actions and their results.

” “His aim in the Tata group, Mistry said, was” to establish a strong board-driven system of decision-making and governance that is bigger than a single individual, a prestigious institution that was undergoing a generational change in leadership “. . He said that now join: Express’s interpretation Telegram channel A major focus was to enable directors on various boards to discharge their duty duties without fear or favor, While still ensuring that shareholders’ views were reflected in the strategy and actions, he said.

“It is my belief that this continues through a model that will preserve value for all stakeholders in Tata Sons and its various group companies,” Mistry said. To this, he said, “My performance was reviewed by around 50 independent directors on several Tata boards that I served. Beyond the performance metrics that speak for themselves and the documented appreciation for my initiative, I am humbled by the continued support received from my former colleagues and other members of the board. “During his tenure as Chairman of Tata Sons, Mistry said that it was always his duty and privilege to present India as a great opportunity and promise to the global business community, which was effective, Is supported by equitable rule. “At Tata Sons, I have had the opportunity to work with a fantastic team of people from diverse backgrounds across multiple groups and geographies, bound together by a common value system embedded by the founders in the Tata group. For that occasion, I will always be grateful, ”said Mistry. .