MUMBAI, India (The Statesman/ANN) - Tata Sons has served a legal notice on ousted chairman Cyrus Mistry on charges of committing a breach of confidentiality.
Tata Sons has slapped a legal notice on its ousted chairman Cyrus Mistry, alleging that he has committed a breach of confidentiality by making public sensitive and confidential documents, including minutes of the board meetings and financial information and data, using his family’s investment companies to utilise them as exhibits attached to the petition filed by them, seeking a revocation of his dismissal in the court of the National Company Law Tribunal (NCLT). The notice was served on Mistry on Tuesday evening.
Tata Sons has objected to the use of sensitive data as exhibits annexed to the petition before NCLT. The notice served for Tata Sons by solicitors Shardul Amarchand Mangaldas demanded that Mistry and his family firms should withdraw these documents pertaining to sensitive and confidential data forthwith and desist from its use in future.
The notice said: ‘‘Without there being no requirement to do so, the Mistry family’s firms deliberately included in the petition as exhibits confidential data, business strategies and financial information pertaining to business affairs of Tata Sons, Tata Group companies and joint ventures.
It further said: ‘‘By passing on confidential and sensitive information accessed by you in your capacity as a director of Tata Sons to companies owned and controlled by your family, you have acted in complete violation of your confidentiality undertaking to Tata Sons, your fiduciary duties towards Tata Sons and your obligations under the Tata Code of Conduct.’’
- Tata Sons serves legal notice on Mistry