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Cyrus Mistry's Office has clarified that he has not filed any caveat in any court over the recent move by Tata Sons to oust him from the Chairman's post. This comes even as the Tatas have filed a caveat in court.
A statement issued by Mistry's office said “A caveat is a notice filed by a party fearing legal action seeking notice before action. Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage.”
The Tata group has filed caveats in Supreme Court, Bombay High Court and the National Company Law Tribunal to prevent the ousted Tata Sons Chairman Cyrus Mistry from getting an ex-parte order against his sacking.
According to sources, the Tatas don’t want any court to pass any ex-parte orders without hearing their side of the story.
“They have pleaded to be heard before the court passes any interim order like stay on Mistry’s sacking,” a source said.
Earlier in the day, interim Chairman Ratan Tata had asked senior management of the conglomerate’s firms to focus on their businesses without being concerned about the top level change.
In a sudden and dramatic turn of events, Mistry was yesterday sacked as Chairman of India’s largest conglomerate Tata Group.
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