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‘Will pursue appropriate legal recourse’, N Chandrasekaran email to Tata Group staff

TOI.in / Dec 19, 2019, 16.46 PM IST

N Chandrasekaran wrote an email to Tata Group employees after the National Company Law Appellate Tribunal ruling. NCLAT ruled that the appointment of Chandrasekaran as the Chairman of Tata Sons was unlawful. NCLAT reinstated Cyrus Mistry as the Executive Chairman of Tata Sons. Followed by the ruling, Chandrasekaran stated that the company "firmly believes" in the strength of their case and "will pursue appropriate legal recourse". The letter by Chandrasekaran read, "Tata Sons efforts have been primarily focused on: restoring stability and moving decisively towards a healthier financial position; conducting our businesses with the highest ethical standards, which the group has been known for, for over 150 years; honouring our commitments to all stakeholders and resolving outstanding issues; driving growth and transforming our businesses for the future”. This boardroom drama to courtroom started since the removal of Cyrus Mistry from Tata Group back in 2016.

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