2012 was marked as the page-turning year in the history of Tata Sons by electing Cyrus Mistry as the first Chairman who is not a Tata scion. Mistry and his Shapoorji Pallonji family who owns 18.4 per cent stake in Tata Sons played a crucial role on the Tata board of directors. However, Cyrus Mistry was ousted as chairman later in 2016 facing the allegations of poll funding for Odisha assembly elections in 2014. However, Cyrus Mistry had a major win paving paths for his reinstatement as the Chairman of the salt-to-software conglomerate holding N Chandrasekaran’s appointment illegal.
A two-judge panel of India’s National Company Law Appellate Tribunal on Wednesday gave a ruling stating the dismissal of Cyrus Mistry was illegal. While the order will take effect after four weeks, Tata has the option to challenge the ruling in the Supreme Court. In 2016, Cyrus approached NCLAT seeking justice filing cases against Tata Sons and 20 others.