The tribunal, in an interim order on Mistry's plea for putting on hold the approval for conversion of Tata Sons' into a private company from a public limited company.
The National Company Law Appellate Tribunal (NCLAT) said that pending the litigation here, the Cyrus Mistry camp which was seeking a status quo over it cannot be "forced to sell shares".
The parent company of the Tata Group acquired a tranche of 2.61 crore shares at around Rs 255.8 apiece, as per disclosures made to exchanges
The move is a setback for the Mistry family, which has filed a petition that seeks to stay Tata Sons' conversion into a private limited company
Last year in September, shareholders of Tata Sons had voted in favour of turning it into a private limited company despite opposition by Mistry's family, which is the single largest shareholder of the holding company.
Mistry had approached the National Company Law Appellate Tribunal (NCLAT) last week against the NCLT dismissing his plea challenging his removal as chairman of Tata Sons.
A petition was filed before the appellate tribunal against the July 9 order of the Mumbai bench of the National Company Law Tribunal (NCLT).
The NCLT rejected proportional representation for Mistry Group on Tata Sons board. "We don't find merit in arguments related to mismanagement in Tata Group companies," it said.
The board of Tata Sons was updated on the issues concerning AAIL and particularly matters pertaining to the investigations being carried out by official agencies.
Chandrasekaran is likely to give updates on mergers and acquisitions, and speak about the progress on creating different business verticals
The holding company of the Tata Group, Tata Sons has raised strong objections to a May 21 article titled 'Harvard Business School's Ignominious Gift from Tata Trusts' in The Daily Caller, a conservative American news and opinion website.
The CBI filed a case against top officials at AirAsia (India) and AirAsia Berhad for alleged criminal conspiracy and colluding with the UPA government to procure international flying rights in 2014.
Mallick, who is at present Director Human Resources for Tata Consultancy Services in the UK and Ireland, will report to Chairman of Tata Sons N Chandrasekaran in her new role, the company said in a statement.
The increasing outlay reflects the change in approach under the Chairmanship of Ratan Tata
Chakrabarty will work closely with Tata Sons and the Tata companies in government relations to help support businesses and identify opportunities as well as for government stakeholder outreach.
Tata Sons today piked up shares worth Rs 1,088.88 crore of its two group companies, Indian Hotels Company and Tata Motors, through open market transactions.
Tata Sons said that the transaction was aimed at restructuring the group’s investment portfolio.
Tata Sons will be acquiring shares from Sir Dorabji Tata Trust, Lady Tata Memorial Trust and Sir Ratan Tata Trust, according to a regulatory filing by Indian Hotels Company Ltd to BSE.
The Hyderabad facility will be sole producer of AH-64 Apache helicopter fuselages globally.
Both completed a year in their new jobs, and have gotten off to a solid start.
Even as Tata Steel sheds off its European baggage, it is bidding aggressively for assets in India
Tata Motors has been working hard to upgrade its products lines and it was visible at the recently concluded Auto Expo
A year on, the 54-year-old has addressed many of the pain points in the $100 billion Tata Group.
Tata Sons on Friday launched a frontal attack on its ousted former chairman Cyrus Mistry, saying after his removal from the group he behaved like a "Trojan Horse".
Mistry’s counsel Aryama Sundram told the National Company Law Tribunal (NCLT) that provisions in the Tata Sons’ charter that give unbridled powers to take out a shareholder’s right to own shares has to be declared "void".