Latest News

  • Home
  • National
  • National Company Law Tribunal holds Cyrus Mistry’s competition petition non viable
National Company Law Tribunal holds Cyrus Mistry’s competition petition non viable
Monday, March 6, 2017 IST
National Company Law Tribunal holds Cyrus Mistry’s competition petition non viable

National Company Law Tribunal holds Cyrus Mistry’s competition petition non viable

Mumbai: The National Company Law Tribunal has held that petitions recorded by Cyrus Mistry's organizations are non viable.

Mistry's organizations — Cyrus Investments Pvt Ltd and Sterling Investments Pvt Ltd — had claimed mistreatment of minority shareholder rights and botch at the Tata Group in the fundamental appeal.

The subject of practicality was a vital issue as Tata Sons had contended that the fundamental appeal to documented on December 20 is not viable as Mistry's family firms claimed just 2.17% shares of the aggregate share capital (value + inclination shares) of Tata Sons.

As indicated by law, they contended, shareholder needs no less than 10% to record an appeal to in the NCLT. Mistry's attorneys had looked for a waiver from the rule.The falter application will be chosen by NCT on Tuesday.

Purportedly, Mistry's lawayer needed NCLT to clear its position on the practicality of the case before beginning his contentions on the principle request of so he could bid against any unfavorable choice.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Here is the full list of 827 porn websites banned by the DoT

While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content. ...

Recently posted . 61K views . 1 min read
 

 Article
Class XII Boys Raped 16-Year-old in Dehradun School After Watching Porn on Phone: Police

The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...

Recently posted . 8K views . 1 min read
 

 Article
Sept 27,2001 Rahul Gandhi and his girl friend Veronique,was arrested in Logan airport in Boston

Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million. Rahul and his girl friend was th...

Recently posted . 7K views . 7 min read
 

 Article
TOP 10 GYM EQUIPMENT BRANDS IN INDIA 2017

True – Tr...

Recently posted . 6K views . 83 min read
 

 
 

More in National

 Article
India could become a Pak, warns VHP after study shows Muslims will be India's largest population by 2050

New Delhi: In the backdrop of projections that India will have the largest number of Muslims by 2050, Vishwa Hindu Parishad on Saturday demanded ...

Recently posted. 514 views . 2 min read
 

 Article
Anand Mahindra holds a grudge against Bill Gates. Here is why

• Anand Mahindra also revealed that he and Bill Gates had been classmates at Harvard •<...

Recently posted. 633 views . 2 min read
 

 Article
In These Villages, Bride Marries Groom's Sister To "Protect Him"

The male deities of three Gujarat villages were bachelors and in order to show respect to them, the villagers keep the groom at home.

Recently posted. 570 views . 0 min read
 

 Video
Swami Vivekananda - A Monk from India



Recently posted . 1K views
 

 Reviews
Top 10 Companies to Work For in India



Recently posted . 1K views . 34 min read
 

 Article
The Citizenship Amendment Act Debate: What’s Right And What's Wrong

In light of recent events that are taking place across the nation, Indiatimes spoke to those on both sides of the debate. In no way do we condone or criticise eit...

Recently posted. 709 views . 1 min read
 

 Article
Panel of ministers orders arrest of eight Noida builders

HIGHLIGHTS   A group of UP ministers have directed Gautam Budh Nagar SSP to arrest eight builders for ...

Recently posted. 626 views . 3 min read
 

 
 
 

   Prashnavali

  Thought of the Day

“If you realized just how powerful your thoughts are, you would never think a negative thought.”
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top