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]

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#cyrusmistry
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THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called
https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called
https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.