Irish businessman Cyrus Pallonji Mistry was of Indian descent. From 2012 until 2016, he served as the chairman of the Indian commercial behemoth Tata Group.
He was the group’s sixth chairman and just the second to not have the Tata surname.
Cyrus Mistry house: Where does Cyrus Mistry live?
Misty lived in Mumbai.
Through Cyrus Investments Pvt. Ltd., his firm, he held an 18.4% interest in Tata Sons. His net worth was about $10 billion in 2018. In the National Integration Council, he participated.
On September 4 near Charoti in Palghar, Mistry was killed in a car accident while driving a Mercedes back from Ahmedabad to Mumbai.
The Surya river bridge was the site of the disaster. Hospital care is being provided for two additional accident victims. Palghar SP said that the automobile hit the barrier.
He was picked by a team of judges to lead the Tata Group in the middle of 2012, and he assumed control in December of that same year. After giving Mistry the chance to leave willingly, the board of Tata Sons, the holding company for the Tata Group, decided to do so in October 2016. After Ratan Tata, the previous chairman, returned in an interim capacity, Natarajan Chandrasekaran was chosen to take over as chairman a few months later.
The National Company Law Appellate Tribunal (NCLAT) nonetheless ruled Chandrasekaran’s appointment as executive chairman to be unlawful in December 2019 and reinstated Mistry. On January 10, 2020, the Supreme Court issued a stay of the NCLAT’s ruling.
In order to get an explanation for the NCLAT’s inconsistencies, Mistry has filed a cross-appeal with the court. But the Supreme Court
