Mehli Mistry files caveat against ouster from Tata Trusts
Mumbai/Bengaluru, Nov. 3 -- Mehli Mistry has challenged the decision of the Tata Trusts to remove him as a trustee before the Maharashtra Charity Commissioner, and urged the regulatory body to hear his case before approving the decision by the country's largest philanthropic entities last week.
On Friday, Mistry filed a caveat against his removal from the Sir Ratan Tata Trust, the Sir Dorabji Tata Trust, and another allied trust, the Bai Hirabai Jamsetji Navsari Charitable Institution, according to an executive privy to the development.
Tata Trusts owns 65.9% of Tata Sons, the holding company of the Tata Group, which has 26 listed companies, valued at over $300 billion.The Maharashtra Charity Commissioner regulates all appointments and remo...
To read the full article or to get the complete feed from this publication, please
Contact Us.