Tata Sons, Tata Trust and Ratan Tata have filed caveats earlier in the day against ousted Tata Sons chairman Cyrus Mistry, Indian Express reported, anticipating a legal challenge from Mistry. According to the Times of India, a caveat was filed in the Supreme Court, Delhi high court and the National Company Tribunal (NCLT). On Monday, the Tata Trust board announced that Mistry was being removed and replaced by Ratan Tata for an interim period of four months.
Reports also claimed that Mistry has filed four caveats against Ratan Tata and Dorabji Tata Trust at the NCLT on Tuesday. However, Mistry has denied this.
“A caveat is a notice issued filed by a party fearing legal action seeking notice before action,” a statement from Mistry’s office said. “Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage.”