Tag: Cyrus Mistry

  • Former Tata Sons head Cyrus Mistry killed in car crash in Palghar

    By Online Desk

    MUMBAI: Former Tata Sons chairman Cyrus Pallonji Mistry was on Sunday killed in a road accident after his car hit a divider in Maharashtra’s Palghar district neighbouring Mumbai, a senior police officer said.

    He was 54.

    Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car, he said.

    “The accident took place around 3.15 pm, when Mistry was travelling to Mumbai from Ahmedabad.  The accident took place on a bridge over the Surya river. It seems an accident,” said Palghar district superintendent of police, Balasaheb Patil.

    A Kasa police station officer said the accident occurred at Charoti Naka on the Surya river bridge under the Kasa police station limits.

    His car had hit a divider, Palghar police officials were quoted as saying to ANI.

    Former Chairman of Tata Sons Cyrus Mistry died in a car crash at around 3pm in Maharashtra’s Palghar area. A total of 4 people were there in the vehicle; two, including Cyrus Mistry, died: Palghar Police pic.twitter.com/7sE8PgPUno
    — ANI (@ANI) September 4, 2022
    One of the three persons travelling with him died on the spot, as per ANI.

    The other two have been rushed to a nearby hospital.

    The body of Mistry has been shifted to the Kasa Rural Hospital for postmortem.

    He is survived by his wife and two children. He also has a brother Shapoorji.

    Maharashtra CM Eknath Shinde expressed his shock and condolences. “Shocked to hear about the passing away of former Tata Sons chief Cyrus Mistry. He was not only a successful entrepreneur but also was seen in the industry as a young, bright & visionary personality. It’s a great loss… My heartfelt tribute”, he said.

    In 2012, Mistry’s name made headlines when he was selected to lead one of India’s largest business conglomerates Tata Sons after Ratan Tata stepped down. Cyrus was chosen as chairman based on the representation of Shapoorji Palonji Group, the largest shareholder in Tata Group.

    On 27th June this year, Cyrus Mistry’s father Pallonji Mistry passed away at 93. He also has two daughters, Laila and Aloo. The latter is married to Noel Tata, the half-brother of Ratan Tata.

    (With inputs from PTI)

    MUMBAI: Former Tata Sons chairman Cyrus Pallonji Mistry was on Sunday killed in a road accident after his car hit a divider in Maharashtra’s Palghar district neighbouring Mumbai, a senior police officer said.

    He was 54.

    Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car, he said.

    “The accident took place around 3.15 pm, when Mistry was travelling to Mumbai from Ahmedabad.  The accident took place on a bridge over the Surya river. It seems an accident,” said Palghar district superintendent of police, Balasaheb Patil.

    A Kasa police station officer said the accident occurred at Charoti Naka on the Surya river bridge under the Kasa police station limits.

    His car had hit a divider, Palghar police officials were quoted as saying to ANI.

    Former Chairman of Tata Sons Cyrus Mistry died in a car crash at around 3pm in Maharashtra’s Palghar area. A total of 4 people were there in the vehicle; two, including Cyrus Mistry, died: Palghar Police pic.twitter.com/7sE8PgPUno
    — ANI (@ANI) September 4, 2022
    One of the three persons travelling with him died on the spot, as per ANI.

    The other two have been rushed to a nearby hospital.

    The body of Mistry has been shifted to the Kasa Rural Hospital for postmortem.

    He is survived by his wife and two children. He also has a brother Shapoorji.

    Maharashtra CM Eknath Shinde expressed his shock and condolences. “Shocked to hear about the passing away of former Tata Sons chief Cyrus Mistry. He was not only a successful entrepreneur but also was seen in the industry as a young, bright & visionary personality. It’s a great loss… My heartfelt tribute”, he said.

    In 2012, Mistry’s name made headlines when he was selected to lead one of India’s largest business conglomerates Tata Sons after Ratan Tata stepped down. Cyrus was chosen as chairman based on the representation of Shapoorji Palonji Group, the largest shareholder in Tata Group.

    On 27th June this year, Cyrus Mistry’s father Pallonji Mistry passed away at 93. He also has two daughters, Laila and Aloo. The latter is married to Noel Tata, the half-brother of Ratan Tata.

    (With inputs from PTI)

  • SC to hear review plea filed by Cyrus Investments in open court on March 9

    By PTI

    NEW DELHI: The Supreme Court has agreed to hear in open court a review plea filed by Cyrus Investments Limited against its order setting aside appellate tribunal NCLAT’s order which had restored Cyrus Mistry as the executive chairman of the Tata group.

    A three-judge bench of Chief Justice N V Ramana, Justice A S Bopanna, and Justice V Ramasubramanian said the petitions will be heard in open court on March 9.

    “Applications seeking exemption from filing affidavits are allowed. Applications seeking oral hearing of the Review Petitions are allowed. List the Review Petitions on Wednesday, March 9, 2022,” the bench said.

    Justice Ramasubramanian, however, in a minority dissenting verdict said the grounds raised in the Review Petitions do not fall within the parameters of a review. “With utmost respect, I regret my inability to agree with the order. I have carefully gone through the Review Petitions and I do not find any valid ground to review the judgement.”

    “The grounds raised in the Review Petitions do not fall within the parameters of a review and hence the applications seeking oral hearing deserve to be dismissed,” Justice Ramasubramanian said in an order dated February 15.

    The top court on March 26, 2021, had set aside a National Company Law Appellate Tribunal (NCLAT) order restoring Cyrus Mistry as the executive chairman of USD 100 billion salt-to-software conglomerates.

    The apex court had also dismissed a plea of Shapoorji Pallonji Group seeking separation of ownership interests in Tata Sons Pvt Ltd (TSPL).

    Mistry had succeeded Ratan Tata as the chairman of TSPL in 2012 but was ousted four years later.

    The SP Group had told the top court that Mistry’s removal as the chairman of TSPL at a board meeting held in October 2016 was akin to a “blood sport” and “ambush”, in complete violation of the principles of corporate governance and in pervasive violation of the Articles of Association in the process.

    The Tata Group had vehemently opposed the allegations and denied any wrongdoing, saying the board was well within its right to remove Mistry as the chairman.