BUSINESS

UPDATE: Cyrus Mistry Denies Filing Any 'Caveats'

Media reports said Mistry had filed four 'caveats' against Tata Trusts

25/10/2016 4:37 PM IST | Updated 25/10/2016 6:25 PM IST
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Former chairman of Tata Sons 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.

News channel CNBC TV18 reported that Mistry, the ousted chairman of India's Tata Sons had filed four caveats against Ratan Tata and Dorabji Tata Trust at the National Company Law Tribunal.

Earlier in the day, media reported that Tata Sons had also filed caveats in all courts including the National Company Law Tribunal.

A caveat usually ensures that the court does not issue any order without allowing the other side to appear.

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