InvestorQ : When is the next hearing on the ongoing legal dispute between the Tatas and the Mistry family scheduled?
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When is the next hearing on the ongoing legal dispute between the Tatas and the Mistry family scheduled?

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5 days ago
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As of now, the Honourable Supreme Court has listed the cross appeals of Tata Sons and Cyrus Investments for final hearing on December 02. Ariyama Sundaram is representing the Pallonji Mistry family while Advocate AM Sanghvi will represent Tata Sons.

The case turned for the worse after the Supreme Court on 22 September restrained the Shapoorji Group and Cyrus Investment from pledging or transferring their shares of Tata Sons; being a private company and hence in contravention of Articles of Association.

However, Pallonji group owns 18.37% in Tata Sons and has sought an exit, ideally through a stock swap. Shapoorji Group was in a liquidity crunch and wanted to raise Rs 11,000 crore from global PE funds by pledging part of its 18.37% stake. The stake is currently valued at Rs.175,000 crore, although estimates do vary.

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