BC LAW
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TATA v MISTRY

Hearing to resume today in Supreme Court. Senior Advocate CA Sundaram to continue arguments on behalf of Shapoorji Pallonji firms.

Follow this thread for live updates from court.

@tatatrusts @TataCompanies

#SupremeCourt #tatamistry

 TATA v MISTRY

Bench headed by Chief Justice of India SA Bobde assembles.

Hearing commences.

@tatatrusts @TataCompanies
TATA v MISTRY

CJI SA Bobde announces that over the weekend he discovered his son who is practicing in Mumbai has been appearing for the last 2 years in a slum rehabilitation matter for a subsidiary company of Shapoorji Pallonji group.

@tatatrusts
TATA v MISTRY

CJI asks whether Harish Salve, Dr Singhvi or CA Sundaram has any objections to CJI hearing the matter.

None of them object. The same is recorded by the Court.

Hearing continues.

#SupremeCourt
TATA v MISTRY

CJI says such issues could cause potential problems in future.

Sundaram continues with his arguments.

@tatatrusts @TataCompanies
TATA v MISTRY

Sundaram citing Articles of Tata Sons to show the supremacy of the Board.

Article 121A was introduced to ensure that certain matters had to necessarily have Board approval.

#SupremeCourt #TataSons
TATA v MISTRY

SP group also voted in favour of A 121 due to the relationship of trust they had with Tata Sons.

SP group could not have conceived that the article would be used against them: Sundaram.

#tatasons #SupremeCourt
TATA v MISTRY

Discussion on interest that Ratan Tata had in Ola/ Uber

Sundaram says he had a personal interest in Ola

CJI Bobde: Does it mean he had business interest

Dr. Singhvi says he wanted to have Tata cars used in Ola and Uber and not just Ola as suggested by Mistry
TATA v MISTRY

CJI Bobde: Mr. Sundaram, you must bear in mind that this is a private company. Our experience with such companies is that they have heads of families controlling, giving directions etc. Birlas, Tata all have such structures.

Your SP Group might also have it.
TATA v MISTRY

CJI Bobde: What is wrong in head of family wanting information or wanting to control decisions.

@tatatrusts
@TataCompanies
TATA v MISTRY

Sundaram: This company owns many listed companies running to 65 lakh crores with public shareholders. So there should be some kind of independence in decision making.

If they wanted to keep a family affair, they should have remained so instead of making it public
TATA v. MISTRY

A public charitable trust cannot legally run such companies. That is why it needs it be "board run": CA Sundaram.

@tatatrusts @TataCompanies

#SupremeCourt
TATA v MISTRY

They cannot use the Articles to claim that they have absolute right over affairs of the company: CA Sundaram

Bench rises. Hearing to continue tomorrow.

@tatatrusts

#TataSons #SupremeCourt
TATA v Mistry: What is wrong in head of family wanting a say in the company's affairs?: Supreme Court asks [LIVE UPDATES]

#TataSons @tatatrusts @TataCompanies @RNTata2000
#cyrusmistry
https://t.co/gMD5CxzO66

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Hearing begins

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Bench of Justice SS Shinde and MS Karnik are hearing the matter.


Senior Advocate Aabad Ponda apprises the court of the development in the case after the passing of the Supreme Court judgment of November

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@LCHIVWRI
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Bench of Justices SS Shinde and MS Karnik ask ASG Anil Singh where the other Sr Advs are.

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On the occasion of youtube 20k and Twitter 70k members

A small tribute/gift to members

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before proceeding - i have helped you , can i ask you so that it can help someone else too

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positional one

run - find #stock - draw chart - find levels

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