TATA SONS 1

v/s
CYRUS MISTRY
&
SAHARA INDIA HOUSING BONDS
PRESENTED BY:-
SHRUTI CHANDRAN-1
PRADNYA DHAKE-13
PRIYANKA MHATRE-15
UTKARSHA RAJPUT-16
INTRODUCTION OF STORY 2

Cyrus Mistry was sacked

as the chairman of Tata
Sons and replaced by
Ratan Tata as the interim
chairman.
CHARACTERS IN THE STORY 3

CYRUS PALLONJI RATAN NAVAL TATA

MISTRY
TIMELINE 4
24th October 2016. - Sacked Cyrus Mistry from Tata sons.
25th October 2016. -Tata Group filed appeal in the Supreme Court, Bombay High Court
and National Company Law Tribunal to ensure that Mistry doesnt get an ex-parte order
against his sacking.
26th October2016.- Mistry wrote a scornful letter to board members .
29th October 2016.- Tata Groups Human Resources chief NS Rajan resigned from the
company.
2nd November 2016- Ratan Tata wrote another mail to employees saying that removing
Mistry was absolutely necessary for the future of Tata Group.
4th November 2016-Tata Sons appointed S Padmanabhan to oversee HR functions.
25th November 2016.- Legal notice sent to mistry of legal duties as a director.
21st December 2016.- Extra ordinary general meeting.
 5
The battle has just begun and both sides
are digging in their heels.
WHAT HAPPENED? 6

Tata Group patriarch Ratan Tata had personally asked Cyrus P Mistry to resign as
chairman of Tata Sons as the board had lost faith in him, but his refusal led to the
removal via majority vote.
Your actions and omissions have resulted in criminal breach of trust, Ratan Tata
said.
 IMPORTANT EVENTS 7

Appointment of
Cyrus Mistry as
Chairman of Tata War of Sacking of
sons. words Cyrus Mistry

Growing "little or no Shocked

Distrust signs of beyond
improvement" words.
in his
leadership.
ACTIONS TAKEN 8

Change in Article of Association.

Role of GEC (Group executive Council)
Your actions and omissions have resulted in criminal breach of trust,.
Breach of trust and confidentiality by filing a detailed petition in the National
Company Law Tribunal, Mumbai.
Please note that not only have you breached your legal duties as a director, but you
have acted recklessly with the sole intent to cause harm and loss to our clients.
REASON FOR FAILURE 9

The lack of JN Tata ethos in your conduct, which you espouse often, is obvious,.
Negative Growth
Increase in Debt
Questions over Mistrys Management Style
Ignoring Ratan Tatas Advice
MAJOR TAKEAWAYS 10
RECOMMENDATIONS 11
 12

THANK YOU