Burden of proof on Mistry as battle lines form for Tata legal showdown


As India’s biggest corporate showdown heads from the boardroom to the courtroom and brings in a Who’s Who of the country’s legal profession, ousted Tata Sons chairman Cyrus Mistry vows a multi-layered battle for governance reforms at the $100 billion conglomerate, people close to him say.

Companies Results :

Mistry, who was dismissed from his post in October and has since left boards at other Tata group companies, will step up his legal fight with patriarch Ratan Tata and others and make his case in any regulatory investigations into the Tata group, three people familiar with Mistry’s strategy said.
Mistry has so far broadly laid out three sets of allegations: breaches of governance within the Tata group; misconduct at Tata ventures; and the illegality of his ouster.

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