(MENAFN) Given that the Mumbai bench of the National Company Law Tribunal (NCLT) had already found their petition against "oppression and mismanagement" by Tata Sons lacked merit, family firms of ousted Tata Sons chairman Cyrus Mistry on Tuesday sought the transfer of the case to the tribunal"s principal bench here or any other appropriate bench.
The principal bench headed by justice MM Kumar posted the matter for hearing on October 5.
The petitioners " Cyrus Investments and Sterling Investment Corporation " said that since the NCLT Mumbai bench has already decided the case on merits, the same bench cannot be expected to deliver "the judgment on merits uninfluenced by its own earlier firm and conclusive assessment of merits".
MENAFN0410201700450000ID1095918961
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.