Tata’s rival camps lawyer up ahead of looming legal battle
The two sides are fighting over control and the direction of the 158-year-old conglomerate.
Two prominent Indian legal firms have been retained by the warring factions vying for control over India's Tata Group, as tensions escalate ahead of a potential legal showdown. The rivalry centers around Tata Sons, with directors voting to extend chairman N. Chandrasekaran's term and move towards a possible public listing, while Tata Trusts, which owns 66% of Tata Sons, claims the reappointment is illegal.
The dispute intensified recently when Tata Trusts reiterated its stance, calling Chandrasekaran's extension "void ab initio." Lawyers from top firms such as Cyril Amarchand Mangaldas and Shardul Amarchand Mangaldas are advising the parties, with managing partner Cyril Shroff personally handling Noel Tata and Tata Trusts' case. Tata Sons, including chairman Chandra, is being represented by Harish Salve, a senior advocate, and Ravi Kadam.
The legal battle threatens to drag the 158-year-old conglomerate into the courts, with both sides preparing for a protracted and high-profile conflict.
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