Economy
Tata Trusts rejects Tata Sons' reappointment of Chandrasekaran

Tata Trusts rejects Tata Sons' reappointment of Chandrasekaran

The Hindu1h
THE BRIEF
1

Tata Trusts declared the Tata Sons Board's resolution to reappoint N. Chandrasekaran as chairman void ab initio, citing lack of affirmative support from nominee directors.

2

The Trusts stated that the Articles of Association require affirmative support from Tata Trusts Nominee Directors, and the chairman's casting vote does not apply among them.

3

Tata Trusts asserted that the condition failed and the resolution did not pass, despite claims from the board that the refusal created a deadlock.