Tata Sons controversy: Supreme Court stay on the tribunal’s decision to cancel the petition of the Registrar of Companies

1. The Appellate Tribunal had said it was illegal to convert Tata Sons from public to private company.
2. The Registrar of Companies had appealed the decision to remove the illegal word.
3. The tribunal had refused to amend the judgment; Tata Sons challenged it in the Supreme Court.

MUMBAI: The Supreme Court on Friday stayed the National Company Law Appellate Tribunal’s decision to quash the registrar of companies’ petition in the Tata Sons case. This was appealed by Tata Sons. The Appellate Tribunal dismissed the petition of the Registrar of Companies (ROC) on 6 January. The ROC had appealed that the Tribunal in its December 18 decision to make Tata Sons a private company, remove the word ‘illegal and with the help of the Registrar of Companies’. However, the tribunal refused to amend the judgment.Earlier, the tribunal had said that the board of Tata Sons, with the help of ROC, converted the company into a public separate company. This was illegal.

The Appellate Tribunal also ordered Cyrus Mistry to be the chairman of Tata Sons again. Tata Sons removed Mistry from the post of chairman in October 2016, saying he did not trust him. The tribunal ordered the reinstatement of Mistry, terming the decision as false. However, on 10 January, the Supreme Court stayed the tribunal’s decision on the appeal of Tata Sons. Tata Sons has now reached the Supreme Court in favor of ROC as well.