InvestorQ : Why did the judgment not address the issue of valuation of Mistry stake in Tata Sons?
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Why did the judgment not address the issue of valuation of Mistry stake in Tata Sons?

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2 weeks ago
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Justice Bobde restricted himself to saying that the decision by the Tata group was absolutely legitimate and both parties were free to appoint auditors and legal experts to arrive at a valuation. However, the judgment refused to comment on the valuation or the methodology as it was outside the purview of the case. How to enable the Mistry family to exit the Tata Group stake would be left to be discussed between the two parties.

Pallonji Mistry, the patriarch of the group, had himself admitted that the relationship with the Tatas was not feasible any longer. As of now, both parties have not been able to agree upon a methodology for exit or the valuation. It is clear that the court would not want to get into the next steps and would like to leave that matter to the wisdom of the two parties, their valuers and their legal counsel to execute.

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