Tata Sons has asked its ousted chairman Cyrus Mistry to return the confidential documents, an alert from PTI said.
“Tata Sons asks ousted chairman Cyrus Mistry to return confidential documents,” the alert said.
The Tata promoter company has accused its ex-Chairman Mistry of breaching confidentiality by making confidential data, business strategies and financial information about the company public. Mistry filed a petition with the National Company Law Tribunal (NCLT), a quasi-judicial body that deals with corporate grievances in India, alleging mismanagement and shareholder oppression by Tata Sons, and seeking the replacement of the group’s board of directors.
Tata Sons said confidential documents about the company were shared with the tribunal, and have slapped a legal notice on Mistry.
Reuters said in an earlier story that Mistry shared “confidential data, business strategies, financial information” related to Tata Sons.
More to come…