You lost Tata board's confidence: NCLT rejects Mistry's plea
The National Company Law Tribunal (NCLT) has dismissed the petition of Cyrus Mistry challenging his removal as the Chairman of Tata Sons, saying the conglomerate's board had "lost confidence in him". Mistry had allegedly given certain crucial information about the company to the Income Tax Department. The court said that Tata Sons board was "competent" to remove him.