Directors of TGBL, Tata Steel pass resolutions to stop Cyrus Mistry from challenging his ouster legally
Advertisement

Advertisement
As per reports, directors of Tata Global Beverages (TBGL) and
It is likely
"This clearly shows that it is a move to regularise the previous board meeting at TGBL in which Harish Bhat was made chairman, after removing Mistry from board. The compliance officer admitted that the recording of the board minutes was not available,” a person close to Mistry told ET, adding “The move is in complete violation of corporate governance norms.”
Meanwhile, Tata Group sources told ET the TGBL board meeting that ousted Mistry was a perfectly legal process. "The first meeting was completely legal. We have mounted a second process as a reiteration. Six directors have approved the resolution and that is a clear majority,” a group official told ET.
Advertisement
Advertisement
Indian startup founders celebrate Paytm’s success as company posts first operating profit
Kim Jong Un abruptly reappears after 36 days out of the spotlight and orders North Korea to 'prepare for war'
OpenAI makes a ChatGPT-like tool called Codex that can write software. Here's why Codex won't replace developers and will instead create more demand for their skills.
PM Modi endorses Indian Oil's 'Surya Nutan' solar cooker at India Energy Week! Should you switch?
Adani Power's Q3 profit plunges 96% to Rs 9 cr as expenses rise
After an Ather 450X catches fire, the company says its battery is safe — fire was due to a wiring harness issue
CCTV camera for home with mobile connectivity for 2023
Best smartwatches under ₹3000