TATA CONSULTANCY SERVICES LIMITED vs CYRUS INVESTMENTS PVT. LTD.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(SC) 171

S. A. BOBDE, A. S. BOPANNA, V. RAMASUBRAMANIAN
TATA CONSULTANCY SERVICES LIMITED – Appellant
Versus
CYRUS INVESTMENTS PVT. LTD. – Respondent

Advocates Appeared: For Appellant : Ms. Fereshte D. Sethna,Adv. C.A.440-441/2020 Ms. Anuradha Dutt,Adv. Ms. Suman Yadav,Adv. Mr. Haaris Fazili,Adv. Mr. Adhiraj Malhotra,Adv. Mr. Hasmukh Ravaria,Adv. Mr. Aditya Sarin,Adv. Mr. Shreyash Taparia,Adv. Mr. Kunal Dutt,Adv. Ms. Rashi Verma,Adv. Ms. Aboli Mandlik,Adv. Ms. B. Vijayalakshmi Menon, AOR For Appellant in C.A.263-264/2020 &13-14/2020 : Mr. Harish N. Salve,Sr.Adv. Dr. A.M. Singhvi,Sr.Adv. Mr. S.N. Mookerjee,Sr.Adv. Ms. Ruby Singh Ahuja,Adv. Mr. Dhruv Dewan,Adv. Ms. Tahira Karanjawala,Adv. Mr. Anupam Prakash,Adv. Mr. Avishkar Singhvi,Adv. Mr. Rohan Batra,Adv. Ms. Reena Choudhary,Adv. Mr. Arjun Sharma,Adv. Mr. Shravan Sahny,Adv. Mr. Ashutosh P.Shukla,Dav. Mr. Utkarsh Maria,Adv. Mr. L. Nidhiram Sharma,Adv. Ms. Harshita Choubey,Adv. Mr. Dhruv Sethi,Adv. For M/S. Karanjawala & Co., AOR For Appellant in C.A. 19-20/20 : Mr. Harish N. Salve,Sr.Adv. Mr. S.N. Mookherjee,Sr.Adv. Mr. Anuj Berry,Adv. Mr. Sidharth Sharma,Adv. Mr. Chaitanya Safaya,Adv. Mr. S. S. Shroff, AOR For Appellant in C.A.448-449/2020 : Mr. Mohan Parasaran,Sr.Adv. Ms. Ruby Singh Ahuja,Adv. Mr. Dhruv Dewan,Adv. Ms. Tahira Karanjawala,Adv. Mr. Anupm Prakash,Adv. Mr. Rohan Batra,Adv. Ms. Reena Choudhary,Adv. Mr. Arjun Sharma,Adv. Mr. Shravan Sahny,Adv. Mr. Ashutosh P.Shukla,Adv. Mr. Utkarsh Maria,Adv. Ms. Harshita Choubey,Adv. Mr. Dhruv Sethi,Adv. Ms. Aditi Dani,Adv. Mr. Ashwin Kumar D.S.,Adv. M/S. Karanjawala & Co., AOR

JUDGMENT :

1. Lis in the Appeals

1.1 Tata Sons (Private) Limited has come up with two appeals in Civil Appeal Nos.1314 of 2020, challenging a final order dated 18-12-2019 passed by the National Company Law Appellate Tribunal (“NCLAT” for short) (i) holding as illegal, the proceedings of the sixth meeting of the Board of Directors of TATA Sons Limited held on 24.10.2016 in so far as it relates to the removal of Shri Cyrus Pallonji Mistry (“CPM” for short); (ii) restoring the position of CPM as the Executive Chairman of Tata Sons Limited and consequently as a Director of the Tata Companies for the rest of the tenure; (iii) declaring as illegal the appointment of someone else in the place of CPM as Executive Chairman; (iv) restraining Shri Ratan N. Tata (“RNT” for short) and the nominees of Tata Trust from taking any decision in advance; (v) restraining the Company, its Board of Directors and Shareholders from exercising the power under Article 75 of the Articles of Association against the minority members except in exceptional circumstances and in the interest of the Company; and (vi) declaring as illegal, the decision of the Registrar of Companies for changing the status of Tata Sons

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2021 Supreme(SC) 171

S. A. BOBDE, A. S. BOPANNA, V. RAMASUBRAMANIANTATA CONSULTANCY SERVICES LIMITED – AppellantVersusCYRUS INVESTMENTS PVT. LTD. – Respondent

Cases Referred (14)

S. A. BOBDE, A. S. BOPANNA, V. RAMASUBRAMANIAN
TATA CONSULTANCY SERVICES LIMITED – Appellant
Versus
CYRUS INVESTMENTS PVT. LTD. – Respondent