Reinstatement of erstwhile Tata Group chairman Cyrus Mistry as chairman of Tata Sons has been stayed by the Supreme Court (SC) on January 10, 2020. The National Company Law Appellate Tribunal (NCLAT) had ordered Mistry’s reinstatement and restoration of his directorships in the holding company and three Group companies on December 18, 2019. The Tata Group had petitioned the Court against NCLAT’s order which had also set aside Tata Sons’ decision to convert itself into a private limited company. The SC stated that the case would be listed for hearing after all sides had formally placed their submissions, noted The......