Thursday 9 August 2018

We are not Angry, Rather worried.

The above statement was made by The National Company Law Appellate Tribunal (NCLAT) on NCLAT Mumbai. This was in the contest of an Interim order issued towards Cyrus Mistry Vs Tata Sons.

The NCLAT were worried about the flowery language used by NCLAT Mumbai.

The order was issued by Honorable Mr. B.S.V. Prakash Kumar and Honorable Mr. Nallasenapathy.

I managed to read sections of the order and we can virtually know about the history of Tatas and their goodness to society. In other words the NCLAT Mumbai bench appeared to be very much impressed by the work of Tata Group over the decades.

I came to know that famous English poet William blake had high regards for Tata:

"Jamsetji was a century ahead of his times ensuring the welfare of his workforce".

I can understand the worry expressed by NCLAT which is very justifiable.

To read the flowery language of the order please visit:


References:

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