Companies

Tata-Mistry case: NCLAT adjourns hearing on Mumbai RoC's plea to Friday

Rajesh Kurup Mumbai | Updated on January 02, 2020 Published on January 02, 2020

The National Company Law Appellate Tribunal (NCLAT), which heard a petition filed by the Registrar of Companies (RoC), Mumbai, in the Tata-Mistry case today, has adjourned the case till Friday. Separately, Tata Sons’ counsel informed the appellate tribunal that the group has moved the Supreme Court against NCLAT’s December 18 order.

A two-member bench headed by NCLAT Chairperson S J Mukhopadhaya has sought details from the Ministry of Corporate Affairs and clarifications on the paid-up capital requirement, among others.

The RoC had sought amendments in the December 18, 2019, judgement to “correctly reflect the conduct of RoC, Mumbai” and deletion of the word "illegal" in NCLAT’s order that reinstated Cyrus Mistry as the Executive Chairman of the Tata group.

Earlier, RoC Mumbai had cleared the conversion of Tata Sons to a private company from a public firm, after the ouster of Cyrus Mistry as its executive chairman.

Seeking an “urgent listing”, it had also sought to delete the aspersions made regarding any “hurried help by RoC, Mumbai, to Tata Sons, except what was statutorily required”.

The application also stated that RoC was not a party in the Tata-Mistry case either before the appellate tribunal or the National Company Law Tribunal (NCLT).

The petition filed by RoC Mumbai was admitted by the NCLAT and was listed for hearing on January 2, 2020, the first day when the appellate tribunal opens after the winter vacation.

Also read: RoC Mumbai moves for amendment to NCLAT order in Tata-Mistry case

 

Published on January 02, 2020
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