1. Tata Sons asks Cyrus Mistry to return all confidential information of companies

Tata Sons asks Cyrus Mistry to return all confidential information of companies

The ouster chairman of Tata Sons, Cyrus Mistry was asked on Thursday to return all the confidential information about the companies of Tata Group.

By: | Updated: December 29, 2016 4:40 PM
Tata, tata sons, cyrus mistry, National Companies Law Tribunal, tata companies, ratan tata Cyrus Mistry was unceremoniously removed as Tata Sons chairman on October 24. (Reuters)

Tata Sons asked its ousted chairman Cyrus Mistry to return all the confidential information he has about the companies of Tata Group. He was asked to immediately return all such information and not to retain any copies of those information. Mistry was unceremoniously removed as Tata Sons chairman on October 24 and Ratan Tata took his place as interim chairman. Soon after his removal, Mistry hit back at the Tata Group with allegations of fraudulent transactions and unethical practices. Since then there has been a spat between the Group and Mistry.

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On Tuesday, in a further trouble for Mistry, Tata Sons slapped a legal notice on him for alleged breach of confidentiality by making public sensitive, confidential documents. Earlier, Tata Sons had issued a letter to Cyrus Mistry accusing the former chairman of twisting facts and using harmful means to take control of the group. In the 9-page letter, it said that the company had received emails and calls from all over the world, once they had decided to change their Chairman. A lot of those calls were made out of concerns about the future of the group following the decision.

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