An Indian court ruled that Tata Group’s holding company must reinstate its ousted leader, Cyrus Mistry. The surprise judgment is likely to be appealed.
NEW DELHI—An Indian tribunal ordered the holding company that controls the Tata Group to reinstate a former executive chairman who was ousted in a 2016 boardroom coup, potentially reigniting a conflict within one of India’s largest conglomerates.
The surprise judgement by India’s National Company Law Appellate Tribunal could mean a return to power for Cyrus Mistry and even a change in direction for the group, which has interests in software, telecommunications, retail, automobiles and other sectors in India and abroad. The...
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