MUMBAI, April 17 An Indian tribunal has
dismissed a petition by former Tata Sons' chairman Cyrus Mistry
that alleged mismanagement and oppression of minority
shareholders at Tata group firms, the Mint economic daily's
website and TV channels reported on Monday.
The National Company Law Tribunal, a quasi-judicial body,
also refused to grant a waiver to Mistry's family-owned
companies from a shareholding requirement that would have
allowed the companies to file the petition.
On March 7, Cyrus Investments Pvt. Ltd and Sterling
Investments Pvt. Ltd - two companies owned by Cyrus Mistry's
family - requested the tribunal to waive the requirement that
shareholders hold at least 10 percent of a company to file a
petition against promoters.
The tribunal said a final order would be issued on Friday,
according to the media reports.
(Reporting by Promit Mukherjee; Editing by Biju Dwarakanath)