Tata Sons on Tuesday served a legal notice to ousted chairman Cyrus Mistry for breach of confidentiality and misconduct.
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, that is, the petitioners, you have acted in complete violation of your confidentiality undertakings to Tata Sons, your fiduciary duties towards Tata Sons and your obligations under the Tata Code of Conduct.Legal Notice
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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