Ratan Tata Fights to Save Legacy After Mistry Court Ruling

(Bloomberg) — After ousting his protege-turned-foe from the helm of Tata Sons Pvt. in a boardroom coup three years ago, Ratan Tata was looking forward to a partial retirement. Instead, he’s fighting the battle all over again — this time in a court.India’s Supreme Court is expected to hear as early as this week an appeal by the $111-billion conglomerate to quash a panel’s order that directed the Tata group to rehire the man it fired as chairman. The tycoon, 82, is personally leading the charge in the case, and filed a separate petition challenging the ruling.In a severe blow …read more

Source:: Yahoo Finance

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