NEW DELHI, Dec. 19 -- Bhaskar Bhat, the managing director of Titan Industries, stepped down from the board of Tata Chemicals in protest when independent directors endorsed the leadership of Cyrus Mistry. He was later re-nominated by Tata Sons. Bhat is also on board of group companies Trent, Rallis and is chairman of Vistara. The Titan MD shares his views on the ongoing Tata-Mistry dispute and its impact . Excerpts from an interview:

The dispute has seen charges and counter charges. What's on the anvil? I can best describe this with an anecdote. Last week I was in Uttarakhand. The demonetisation as you know has impacted jewellery sales. We stopped billing from November 8 (to discourage buying of gold using old money). At our franchisees t...