Settle it at Bombay House, not the Bombay High Court
The author critically examines the Tata Sons board's decision to reappoint N. Chandrasekaran, despite his earlier public statement not to seek another term. The article argues that the board acted in haste and without the required affirmative vote from Tata Trusts, violating corporate governance standards and Section 166 of the Companies Act. This controversial decision, made without explanation for the reversal, risks litigation, unsettles stakeholders, and damages the group's long-standing reputation for prudence. The author emphasizes that the board's conduct, not the chairman's ability, is the core concern, urging an internal resolution to preserve Tata's integrity.
LiveMint · mint · Sep 18, 2026 at 12:30 AM