Business · Companies · 9 hrs ago

Noel and Neville Tata file court caveats amid trust dispute

Noel and Neville Tata file court caveats amid trust dispute

Noel Tata and his son Neville filed caveats in Mumbai courts in a dispute involving Tata Trusts.

A caveat is a legal notice asking a court to hear a person before it makes an order affecting them.

The filings name fellow trustees Venu Srinivasan and Vijay Singh, who have raised complaints about governance and Noel Tata's role at the trusts.

Tata Trusts collectively hold a 66% stake in Tata Sons, the holding company of the Tata Group, making the dispute relevant to the group's leadership and decisions.

The disagreement also concerns Tata Sons' possible public listing, which the company's management is pursuing in response to RBI directions.

The caveats do not decide the complaints; they seek a chance for Noel and Neville to respond before court orders are made.

The Sir Dorabji Tata Trust has until October 19 to reply to the complaints before Maharashtra's Charity Commissioner.

3 sources

Related