In what seems to be a positive development for the Indian economy, the country’s factory output for November has turned positive after registering negative growth for two consecutive months.
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The Supreme Court stayed the decision of the National Company Law Appellate Tribunal (NCLAT) on Friday in the Ceres Mistry case. The bench of Chief Justice SA Bobde gave this stay. Tata Sons challenged the judgment of the Appellate Tribunal on 18 December in the Supreme Court. The tribunal had ordered reinstatement denouncing the decision to remove Mistry as chairman of Tata Sons. Tata Sons removed Mistry from the post of chairman in October 2016, saying he did not trust him.
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Days after National Company Law Appellate Tribunal (NCLAT) ordered Cyrus Mistry’s reinstatement as Tata Son’s executive chairman, the company has moved Supreme Court (SC) against the decision.
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