India's Cyrus Mistry denies filing 'caveats' against Tatas
Tata Sons had announced Mistry's removal as chairman with company patriarch Ratan Tata taking over
Tata Group Chairman Ratan Tata and Deputy Chairman Cyrus Mistry attend the launch of a new website for tech superstore Croma, managed by Infiniti Retail, a part of the Tata Group, in Mumbai, India April 23, 2012. PHOTO: REUTERS
Former chairman of Tata Sons [TATAS.UL] Cyrus Mistry has denied filing any "caveats" against his former company.
"A caveat is a notice filed by a party fearing legal action seeking notice before action. Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage," a statement issued by Cyrus Mistry's office said on Tuesday.
Everyone knows where intolerance in India is coming from: Ratan Tata
On Monday Tata Sons announced Mistry's removal as chairman with company patriarch Ratan Tata taking over while a permanent replacement is sought.
"A caveat is a notice filed by a party fearing legal action seeking notice before action. Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage," a statement issued by Cyrus Mistry's office said on Tuesday.
Everyone knows where intolerance in India is coming from: Ratan Tata
On Monday Tata Sons announced Mistry's removal as chairman with company patriarch Ratan Tata taking over while a permanent replacement is sought.