December 9, 2016 11:06:55 pm
Four minority share-holders of Tata Group have filed a ‘suit for damages’ against the conglomerate’s interim chairman Ratan Tata and 29 others in the Bombay High Court. As per information available on the Bombay High Court website, the suit was filed on December 7 by Pramod Premchand Shah, Kalpana Shah, Vinesh Shah and Jesal Bhansali.
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The content of the suit was not known. The suit is at a ‘pre-admission’ stage and is not yet listed for hearing, as per the high court website.
The suit comes in the wake of sudden removal of Tata Group chairman Cyrus Mistry and resultant recriminations between him and the Group.
“We have been made aware of a representative suit against Tata Sons, filed by some individuals, claiming to represent non-promoter shareholders of Tata companies. We are studying the plaint filed in the Bombay High Court. Tata Sons will strongly defend all its actions in the court of law,” the group spokesperson of Tata Sons said in a statement.
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