Tata Sons vs Cyrus Mistry : Live Updates From Supreme Court Hearing

Salve : Mr N Chandrashekharan, a home grown person of Tata, was made the Chairman later. His appointment was never challenged and he was not made a party too. But his appointment was set aside.

Salve : He was removed only as Executive Chairman. He would have continued as Director.

Salve : Corporate democracies must have its places. Your lordships held in Escorts case held that these are mini democracies.

Salve : He was removed in October 2016. After March 2017, he had no right to seek re-appointment.

Salve : Mistry's appointment as Executive Chairman would have ended in March 2017. It was not a life long appointment.

Salve : Pallonji Mistry, Cyrus Mistry's father was included in Tata Sons as non-executive Director in 1980. Cyrus Mistry joined Tata Sons in 2006

Salve : It is a matter of pride that Jaguar cars are manufactured by Tata owned company. Jaguar has a hybrid version now. Having got one, I can tell it has the highest insurance because they are the most stolen cars in UK.

Salve : The trustees of Tata Trust which held 68% was always in the control of Tata Sons. It nominated eminent persons to the board. Tata Sons hold controlling stake in many listed companies of Tatas, like Tata Steel, Tata Chemicals etc.

Salve : We all grew up with Mr. JRD Tata as the main person. After JRD retired, Ratan Tata came.

Salve : The shares to Tata Sons to the extent of 68% are with the Tata Trust.