Tata Trusts oppose Chandra’s return as Tata Sons' chairman, call it ‘illegal’
Tata Trusts have declared N Chandrasekaran’s reappointment as Tata Sons chairman a legal nullity. Noel Tata, a Trusts nominee, voted against the resolution, while four directors supported it. The Trusts cite the Articles of Association, requiring a majority of their nominee directors’ votes. They maintain Chandrasekaran’s earlier decision not to seek reappointment has already attained finality. This dispute deepens the leadership standoff within the prominent Indian conglomerate.
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