BusinessExclusive: This Is Not A Court Hearing, Cyrus Mistry Was Told When He Objected
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Exclusive: This Is Not A Court Hearing, Cyrus Mistry Was Told When He Objected
Mistry's removal was not on agenda, introduced as 'residuary' item
Mistry protested removal strongly, may challenge in court today
Tata board claimed had 'legal opinion', following global precedents
Cyrus Mistry's exit was not - perhaps deliberately - listed on the board agenda.
Board meetings of Tata Sons are normally staid, predictable affairs.
But not the meeting on Monday which led to the shock exit of the company's chairman, Cyrus Mistry.
The company removed Mr Mistry, almost four years after he became its first chief from outside the Tata family, and brought back Ratan Tata, 78, who has taken interim charge until a successor is appointed.
"The board in collective wisdom and on recommendations of ...