In yet another signal that Cyrus Mistry has no intention of retreating from battle, he shot off his third sharply-worded defence-cum-offence aimed primarily at Ratan Tata+ and Tata Sons since being sacked as chairman of the holding company of India’s largest conglomerate.
Amid persistent reports that one of the principal reasons for his ouster was his handling of the dispute with telecom partner NTT DoCoMo, Mistry on Tuesday hit back, saying “all decisions (relating to DoCoMo) were taken with the unanimous approval of the Tata Sons board” and the concurrence of Ratan Tata.
“Throughout the process, Ratan Tata and NA Soonawala were kept informed and they participated in separate meetings held with Mr Mistry. They also participated in the meeting with the legal counsel (who also happened to be a trustee of the Dorabji Tata trust) who represented Tatas in the litigation. At all times Ratan Tata and Soonawala concurred and approved the course of action adopted by Tatas and as advised by legal counsel,” a statement issued by Mistry’s office said. In fact, all decisions were ” collective decisions and the actions were consistent with every such collective decision To suggest Mr Mistry acted on his own, or contrary to `Tata values’ or without the knowledge and/or concurrence of Ratan Tata and Soonawala, is as false as it is mischievous,” a statement issued by Cyrus Mistry said.
Tata Sons and DoCoMo have been in a legal battle since the end of 2014 over the amount of money the Tatas have to pay DoCoMo for the Japanese telecom major to exit the joint venture. After Mistry was removed, media reports had quoted Tata sources to say that he was coming in the way of an amicable settlement with DoCoMo.
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