The NClAT will on Thursday pronounce its verdict over the two petitions filed by ousted Tata Sons Chairman Cyrus Mistry on maintainability of pleas against Tata's and waiver in the filing criteria. A bench headed by Chairperson Justice SJ Mukhopadhaya will pronounce the order, as per the updates from the cause list of the National Company law Appellate Tribunal (NClAT).
The appellate tribunal had concluded its hearing on July 24 and reserved its judgement. nThe two investment firms -- Cyrus Investments Pvt ltd and Sterling Investments Pvt ltd -- had moved NClAT over maintainability of their petitions filed against the Tata group and waiver required for it under the Company Act 2013. The appellate tribunal had heard both pleas together.