Tata Sons on Tuesday served a legal notice to ousted chairman Cyrus Mistry for breach of confidentiality and misconduct.
The new development in the Ratan Tata-Cyrus Mistry spat comes after the ousted chairman of Tata Group moved the National Company Law Tribunal against the industrial giant, citing “oppression and and mismanagement” by the company for his removal.
In his plea, Mistry termed his fight a "movement for cleaning up governance and regaining lost ethical ground," He further added that "It is time to shift gears, up the momentum and be more incisive in securing the best interests of the Tata Group.”
He said that he has decided to "shift this campaign to a larger platform and also one where the rule of law and equity is upheld".
(With inputs from IANS.)
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