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Companies

Ousted Tata Group chairman seeks board representation

Counsel accuses Tata Sons of oppressing minority shareholder rights

Cyrus Mistry

MUMBAI -- The family-run companies of former Tata Group Chairman Cyrus Mistry are seeking at least one nominee director on the board of Tata Sons to represent their 18.4% shareholding in the entity. Mistry and Tata companies have been embroiled in a legal tussle since he was removed from his position October last year.

Senior counsel C. Aryama Sundaram, who represents Cyrus Investments and Sterling Investments asked the National Company Law Tribunal on Wednesday to be granted a seat on the board as the lack of such brings to "the fore acts of oppression towards me (Mistry's firms), the minority shareholder."

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