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Tata's sacking of ex-chairman Cyrus Mistry ruled 'illegal'

India tribunal reinstates executive, giving company four weeks to appeal

Shares of top Tata companies fell following a tribunal ruling reinstating Cyrus Mistry, seen here in 2014, as chairman of Tata Sons.   © Reuters

MUMBAI (NewsRise) -- An Indian appellate tribunal on Wednesday reinstated Cyrus Mistry as the chairman of Tata Sons, saying he was illegally removed from the board three years ago, rekindling worries about a legal battle at a time when many group companies are grappling with falling sales.

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