Economy

Tata Trusts Chairman Noel Tata Calls N Chandrasekaran's Reappointment Illegal

Hindustan Times53m
THE BRIEF
1

Tata Trusts issued a statement declaring the board resolution to reappoint N Chandrasekaran as Tata Sons executive chairman illegal.

2

Noel Tata voted against the reappointment, arguing the resolution violated Tata Sons' Articles of Association requiring nominee director consent.

3

The statement noted that Noel Tata submitted a legal opinion from former Chief Justice DY Chandrachud supporting the Trusts' position.