Tata-Mistry Case: Supreme Court To Hear Review Plea In Open Court

The order to hear the review petition was passed by a three-judge Bench of Chief Justice of India NV Ramana, Justice AS Bopanna and Justice V Ramasubramanian

Topics

Ratan Tata | Cyrus Mistry | Shapoorji Pallonji group

BS Reporter  |  Mumbai 

Ratan Tata vs Cyrus Mistry

The has agreed to hear in open court the review petition filed by the challenging last year's apex court decision that had ruled in the Tata group’s favour.

The order to hear the review petition was passed by a three-judge Bench of Chief Justice of India NV Ramana, Justice AS Bopanna and Justice V Ramasubramanian, who dissented saying the review is not needed, according to a report by Bar and Bench.

“The fact that this order has been passed and the has agreed to hear the review petition in open court means they must have found merit in the grounds set out in the Review Petition by the Pallonji group,” said Nirav Shah, Partner, DSK Legal.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, February 21 2022. 22:27 IST

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more