InvestorQ : Why has Shapoorji Group filed a review petition against the Tata-Mistry case verdict?
Moii Chavate made post

Why has Shapoorji Group filed a review petition against the Tata-Mistry case verdict?

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Tisha Malhotra answered.
2 weeks ago
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The Shapoorji Pallonji group has filed a review petition against the Supreme Court order of 26 March calling it a miscarriage of justice. It may be recollected that the judgement delivered by a bench headed by Justice Bobde squarely ruled in favour of the Tatas. The SP group cautioned this could damage statutory safeguards enshrined in Companies Act 2013.

The counsel for the SP group has noted that the 26-Mar judgement of the Supreme Court eroded the standards of governance expected by the Companies Act 2013. The bench headed by Bobde had set aside the NCLAT order reinstating Mistry as chairman of Tata Sons. SP has argued for the court to enforce protection of minority shareholder interests.

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