NEW DELHI: The Supreme Court on Thursday dismissed review petitions filed on behalf of Cyrus Investments Pvt. Ltd. and Sterling Investments Pvt. Ltd., which sought to overturn the apex court's March 2021 decision upholding the Tata group's decision to remove Cyrus Mistry as executive Chairman of Tata Sons.
The review petitions were dismissed by a court led by Chief Justice N.V. Ramana. The highest court consented to expunge certain remarks made against Mistry in a separate application for expunction, but also instructed that certain insulting paragraphs addressed at the court in the application for expunction be deleted/withdrawn.
In February of this year, the Supreme Court agreed to hear review petitions filed by Cyrus Investments and Sterling Investments challenging the apex court's verdict, in which it accepted all of the Tata conglomerate's arguments and overturned the NCLAT's order restoring Cyrus Mistry as executive chairman.
In March of last year, a bench led by then-Chief Justice S.A. Bobde ruled that all legal questions favour Tata Group and dismissed Mistry's appeals. The top court also upheld Tata Sons' October 24, 2016 decision to fire Cyrus Mistry.
The review petition filed by Mistry was heard in February by a bench led by Chief Justice N.V. Ramana and including Justices A.S. Bopanna and V. Ramasubramanian. Justice Ramasubramanian cast a dissenting vote.