Senior advocate Abhishek Manu Singhvi, representing Tata Trusts, argued before the National Company Law Appellate Tribunal (NCLAT) that the Tata Sons board lacked the quorum required to consider the reappointment of N Chandrasekaran as chairman. He contended that the September 17 board meeting breached the company's Articles of Association.
According to Singhvi, the meeting was invalid because it did not meet the quorum requirements set out in the Articles. The Tata Trusts, which hold a significant stake in Tata Sons, have challenged the board's decision to reappoint Chandrasekaran.
The NCLAT is hearing the dispute between Tata Trusts and the Tata Sons board over the reappointment process. The outcome could have implications for the governance of the Tata group, one of India's largest conglomerates.
