National Company Law Appellate Tribunal has restored Cyrus Mistry as the Executive Chairman of Tata Group.
After hearing the petition challenging his removal as Chairman of Tata Sons. The Tribunal held the appointment of N Chandrasekaran as executive chairman illegal.
Tata Sons had called for an extraordinary general meeting (EGM) to remove Mistry from its board in December 2016.
In the beginning of February 2017, the ousted Chairman was removed as a director of the company with shareholders voting in favour of his removal with “requisite majority”.