Nimitt Dixit

Tata Trusts has argued before the Maharashtra Charity Commissioner that Mehli Mistry cannot challenge trustee changes after his term expired, while a separate dispute involves Noel Tata's proposed appointment.

The Supreme Court ruled that Yes Bank's final 2020 reconstruction scheme did not authorise the Rs 8,415 crore AT-1 bond write-down, holding that the administrator exceeded his powers.

The ED searched 29 premises across six cities, investigating preferential share allotments, linked entities and WhatsApp groups accused of driving retail demand before alleged share sales.

The insurance sector regulator is open to considering stakeholder requests for an extension, and may grant one selectively to market intermediaries, sources said.

The dispute involved Grasim's subscription to 230.9 crore Vodafone Idea shares at Rs 12.50 apiece and the tax department's valuation of Rs 13.925.

Parsi bodies have written to PM Modi and expressed hope that all stakeholders approach the current challenges with due regard for the larger national good.

In an eight-page letter to the Tata Sons company secretary and board, Tata Trusts Chairperson Noel Tata questions the validity of N Chandrasekaran's reappointment, alleges non-disclosure of commercial dealings between TVS Motor and a company linked to the chairman's family, and seeks records of board deliberations, conflict declarations and legal opinions.

Bank of Baroda had earlier said it had not been served with the lawsuit and would firmly defend the case.

Tata has sought a detailed management presentation covering valuation, the proposed capital reduction, payment timelines and other conditions.

The trustee has asked the bank to reinstate the bonds in its books and debenture holder records in favour of the original bondholders or their legal successors.