The Supreme Court set apart the 2019 order of the National Company Law Appellate Tribunal and gives a major victory to the Tata group. The country's apex court has rejected the Mistry group’s plea against the conversion of Tata Sons into a private company.

Supreme Court has decided to set aside the NCLAT order of re-instating Mistry as the executive chairman of the over $100 billion Tata Sons board and also had termed current Chairman N Chandrasekaran’s appointment as ''illegal" on Friday. The bench headed by Chief Justice of India SA Bobde allowed the appeals of Tata Group refusing to entertain Mistry group’s plea for fair compensation. The bench said “All questions of law are ruled in favor of the Tata Group." The court also negated the NCLAT’s finding regarding “oppressive” practices resorted to by the Tata Sons Pvt Ltd. Mistry’s SP Group and Cyrus Investments Pvt Ltd also submitted in the court that his removal as the chairman of Tata Sons was similar to a “blood sport” and “ambush." Tata Group also lashed out at Mistry camp, accusing them of trying to break up the group by sleight of hand. 

Talking about the case, Mistry succeeded Ratan Tata as chairman of Tata Sons in 2012. He then was ousted for four years. Earlier,  Tata Sons told the top court that it was not a ‘two-group company.’ Also, there was no ‘quasi-partnership’ between it and Cyrus Investments Pvt Ltd. Replying to Tatas’ petition which challenged his reinstatement by the NCLAT last December, Mistry demanded a refund of all the expenses to Tata Sons.

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