NCLAT rejects RoC plea to modify Tata-Mistry judgment

New Delhi: The National Company Law Appellate Tribunal on Monday rejected the plea by the Registrar of Companies (RoC) to modify the appellate tribunal judgment in the Tata-Mistry case. Meanwhile, the Supreme Court on Monday suggested Nusli Wadia and Ratan Tata should talk to settle their issues in a defamation case.

The NCLAT had in its December 18 verdict termed the RoC’s decision to allow conversion of Tata Sons from the public to private as illegal and RoC had filed a plea at the appellate tribunal to remove the word “illegal” from its verdict among other observations.

The two-judge bench headed by NCLAT Chairman Justice S.J. Mukhopadhaya observed that the judgment did not cast any aspersions on the RoC. The bench had reserved its order in the matter on Friday saying that it would clarify that its order terming RoC decision of allowing Tata Sons to convert from the public to private as ‘illegal’ did not cast any aspersion on the RoC. Mukhopadhaya said that the NCLAT can only clarify and not change the judgment, adding that the Supreme Court, being the highest judicial authority can change the judgment if it finds it incorrect.

NCLAT in its verdict had ordered the reinstatement of Cyrus Mistry as the Tata Sons’ Chairman and also directed the RoC to enlist the company as a public company. Tata Sons, however, has moved the Supreme Court against the judgment. In another major turn of events, Cyrus Mistry on Sunday declared that he would not take up the chairmanship of the group or any other directorial post. (IANS)

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