The National Company Law Appellate Tribunal (NCLAT) on Wednesday restored Cyrus Mistry as chairman of Tata Sons. The direction of Mistry’s reinstatement will become operational after 4 weeks, giving Tata Sons time to move SC. The NCLAT said that Tata Sons’ move to become a private limited company from a deemed public company was unlawful & directed a reversal in its status.
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