In the matter between : Pramod Premchand Shah vs Ratan N. Tata

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2017 Supreme(Bom) 887

S.C.GUPTE
In the matter between : Pramod Premchand Shah – Appellant
Versus
Ratan N. Tata – Respondent

Advocates Appeared:
Mr. P. Chidambaram, Senior Advocate, a/w. Mr. Ravi Kadam, Senior Advocate, Mr. Prateek Seksaria, Mr. Nitesh Jain, Ms. Ruby Singh Ahuja, Mr. Arjun Sharma, Ms. Juhi Mathur, Mr. Jeet Karia and Ms. Eesha Mohapatra, i/b. Shardul Amarchand Mangaldas & Co., for the Applicants in CHSL/809/2017/Defendant Nos. 1 to 4, 6, 7, 9, 28 to 30.
For the Plaintiffs : Mr. Dinyar Madon, Mr. Navroze Seervai, Mr. Kunal Dwarkadas, Mr. Jehaan Mehta, Mr. Satyen Vora and Mr. Sanmish Gala, Markand Gandhi & Co.
For the Defendant : Mr. Shiraz Rustomjee, Mr. Shailesh Poria, Mr. Janak Dwarkadas, Mr. Jehaan Mehta, Ms. Shireen Pochkhanawalla, Mr. Nirav Barot and Mr. Kaiwan Kalyaniwalla, Maneksha & Sethna, Mr. Zal Andhyarujina, Mr. Jehangir Mistry, Ms. Shruti Sardesai and Ms. Namrata Parekh, Mulla and Mulla & Craigie Blunt and Caroe, Mr. Jay Sanklecha, Mr. Aditya Sikka, Cyril Amarchand Mangaldas, Mr. Mutahhar Khan, Mr. Rajesh Satpalkar, Mulla and Mulla & Craigie Blunt and Caroe, Dr. Birendra Saraf, Mr. Mutahhar Khan and Mr. Rajesh Satpalkar, Mulla and Mulla & Craigie Blunt and Caroe, Mr. Ankoosh Mehta, Mr. Aviral Sahai and Ms. Dhwani Shah, Cyril Amarchand Mangaldas, Mr. Bhalchandra Palav, Mr. Aditya Sikka, Cyril Amarchand Mangaldas

JUDGMENT :

This Chamber Summons is taken out by the Applicants (original Defendant Nos. 1 to 3 and 6 to 9) for revocation of the leave granted to the Plaintiffs under Order 1 Rule 8 of the Code of Civil Procedure, 1908 (“Code”) in the suit.

2. The short facts of the case, which led the Applicants to take out the Chamber Summons, may be stated as follows :

2.1 The Plaintiffs claim to be shareholders of one or more of various NSE and BSE listed companies belonging to Tata Group of Companies, which are arraigned as Defendant Nos. 21 to 27 to the suit. The present suit is filed purportedly as a representative suit under Order 1 Rule 8 of the Code on behalf of “all the non-promoter shareholders” of Defendant Nos. 21 to 27, “who have all been similarly affected by reason of the illegal actions that have been taken at the behest of Defendant No.1 by Defendant Nos. 2, 3, 5 to 9 and 12 to 20”. Defendant No.1 is the Director and interim Chairman of Defendant No.2, Tata Sons Ltd., which is said to be a “core investment company” that holds shares in companies of the Tata Group and oversees their governance, whilst Defendant Nos. 12 to 20 are, respectively, Tata Sons Ltd. and its Directors, and Tr

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2017 Supreme(Bom) 887

S.C.GUPTEIn the matter between : Pramod Premchand Shah – AppellantVersusRatan N. Tata – Respondent

Cases Referred (1)

S.C.GUPTE
In the matter between : Pramod Premchand Shah – Appellant
Versus
Ratan N. Tata – Respondent