July 9, 2018 / 5:39 AM / 3 months ago

Indian tribunal dismisses petition of former Tata Sons chairman Mistry

MUMBAI, July 9 (Reuters) - An Indian tribunal on Monday dismissed a petition by former Tata Sons chairman Cyrus Mistry who had alleged oppression of minority shareholders and mismanagement by Tata Sons, drawing the curtains on an 18-months long feud.

The National Company Law Tribunal (NCLT), a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies.

Mistry was ousted from the board of Tata Sons after a four-year stint in October 2016, and Ratan Tata was restored as the interim chairman.

Reporting by Abhirup Roy; Editing by Stephen Coates

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