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Have not filed any caveat against Tatas: Cyrus Mistry's office denies media reports

Ousted Tata Sons chairman Cyrus Mistry on Tuesday said he has not filed any caveats, hours after media reports said that he filed four caveats at the National Company Law Tribunal over his sacking

India TV Business Desk, New Delhi [ Published on: October 25, 2016 18:13 IST ]
Cyrus Mistry was yesterday sacked as Chairman of Tata Sons

Ousted Tata Sons chairman Cyrus Mistry on Tuesday said he has not filed any caveats, hours after media reports said that he filed four caveats at the National Company Law Tribunal over his sacking.  

“Cyrus Mistry has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage,” his office said denying media reports.   

Mistry filed three caveats against Ratan Tata, Tata Sons, Sir Dorabji Trusts, while one caveat was filed by Cyrus Investments Pvt Ltd against Ratan Tata and Tata Sons, reports said earlier today.  

These caveats were filed through leading law firm Amarchand Mangaldas, the reports said.  

Earlier today, the Shapoorji Pallonji group, to which Mistry belongs, had rubbished media reports claiming that he was considering a legal course against the Tata Sons for abruptly ending his tenure as its chairman. 

"Neither the SP Group nor Mr Cyrus Mistry have made any statement yet. While the circumstances are being studied, there is no basis to media speculation about litigation at this stage. As and when a public statement becomes necessary, it would be made," said a spokesperson of the Shapoorji Pallonji Group. 

The Shapoorji Pallonji group owns nearly 18.4 per cent stake in Tata Sons and Mistry continues to be a member on the board of directors of Tata Sons.  

Meanwhile, Tata group today filed caveats in Supreme Court, Bombay High Court and National Company Law Tribunal to prevent Mistry from getting an ex-parte order against his sacking. 

According to sources, the Tatas don't want any court to pass any ex-parte orders without hearing their side of the story. 

"They have pleaded to be heard before the court passes any interim order like stay on Mistry's sacking," a source said. 

Earlier in the day, interim Chairman Ratan Tata had asked senior management of the conglomerate's firms to focus on their businesses without being concerned about the top level change. 

In a sudden and dramatic turn of events, Mistry was yesterday sacked as Chairman of India's largest conglomerate Tata Group. 

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