The Supreme Court observed that the removal of Cyrus Mistry was not in the best interest of Tata Sons and that the board had not followed proper procedures in removing him. The Supreme Court also noted that the actions
of the board were oppressive and prejudicial to the interests of minority shareholders.
However, On March 26, 2021, the Supreme Court issued its much-anticipated verdict in the Tata-Cyrus Mistry case. Chief Justice S A Bobde and Justices V Ramasubramanian and A S Bopanna made up the bench that issued the
verdict in favor of the Tata Group. The bench dismissed all charges of oppression and mismanagement brought against Tata Sons Limited by entities owned by Cyrus Mistry. The court found that removal of a person as
chairman of a company does not fall under Section 241 of the Companies Act, 2013 unless it is shown to be "oppressive or prejudicial." Additionally, the court held that Sections 241 and 242 of the Companies Act,
2013 do not specifically grant the power of reinstatement. As a result, the Supreme Court overturned the National Company Law Appellate Tribunal's order of December 18, 2019, which had called for Cyrus Mistry to
be reinstated as executive chairman of Tata Sons.
