CURRENT AFFAIRS

Detailed explanation-1: -Last week, taking Mistry head on, Tata Sons sought his removal as well as that of the group’s friend-turned-foe Nusli N Wadia from the board of three prime listed Tata group companies-Tata Motors, Tata Chemicals and Tata Steel.

Detailed explanation-2: -Mistry, who was the sixth chairman of Tata Sons, succeeding Ratan Tata, was unceremoniously removed from the position in October 2016, over disagreements over running the conglomerate.

Detailed explanation-3: -Cyrus Mistry’s ouster followed after certain disagreements between him and the Tata Sons Board relating to the functioning of the company and decisions taken by Cyrus Mistry. Cyrus Mistry and Tata Sons were embroiled in one of the most high-profile boardroom battles nearly five years after his dismissal.

Detailed explanation-4: -Mistry was removed as Tata Sons chairman in a surprise move in October 2016. Later, in December 2016, two Mistry family-backed investment firms-Cyrus Investments Pvt Ltd and Sterling Investments Corporation Pvt Ltd-had moved the National Company Law Appellate Tribunal (NCLAT), alleging mismanagement by Tata Sons.