Mistry Brothers Face Trial In Rs 500-Crore Defamation Suit
By Team Legistify / 2017-07-12

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Former Tata Sons Chairman Cyrus Mistry and six others have been summoned by a Metropolitan Magistrate’s Court in a Rs 500-crore defamation suit filed by Tata Trusts’ Managing Trustee R Venkataramanan.

The other people summoned include Shapoor Mistry, the older brother of Cyrus Mistry and chairman of the Shapoorji Pallonji Group, and directors of the two firms run by the family – Cyrus Investments Pvt. Ltd., and Sterling Investments Pvt. Ltd.

The seven people summoned are:

  • Cyrus Mistry, former chairman, Tata Sons
  • Shapoor Mistry, chairman, Shapoorji Pallonji Group
  • Rohan Nentin, director at both Mistry family firms
  • Firoze Bhatena, director at both Mistry family firms
  • Vikas Parve, director, Cyrus Investments
  • Prachi Deodhar, director, Sterling Investments
  • Vinay Karve, authorised representative of the two Mistry companies at the National Company Law Tribunal

They have been asked to appear before the court on August 24. The seven have the option of moving the Bombay High Court against the order. If found guilty, they can face up to two years in prison.

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