Tata Sons Row: Mehli Mistry Objects to Trust Funds Paying Legal Costs

Mehli Mistry, a trustee of the Tata Education and Development Trust, has objected to the possibility of trust funds being used to cover legal expenses linked to the dispute between Tata Trusts and Tata Sons. In an email to Tata Trusts CEO Siddhartha Sharma, copied to Chairman Noel Tata and fellow trustee JN Mistry, he said TEDT should remain separate from the dispute.

Mistry said TEDT is not a shareholder in Tata Sons and should not be responsible for expenses arising from the disagreement over Tata Sons Chairman N Chandrasekaran’s reappointment. He has requested that his written objection be formally placed before and recorded by the TEDT Board of Trustees at its November 20 meeting. It is not clear whether TEDT funds have already been used or whether the trust has been asked to contribute.

The issue comes amid a wider dispute over Chandrasekaran’s tenure. Tata Sons’ board reportedly voted 4:1 on September 17 to extend his term for another five years, with Noel Tata voting against the proposal. Tata Trusts has challenged the decision, arguing that required support from its nominee directors was not obtained under Tata Sons’ Articles of Association.

The Trusts collectively hold nearly 66% of Tata Sons, adding significance to the disagreement. The dispute has also involved senior lawyers Abhishek Manu Singhvi and Harish Salve representing opposing sides. Questions over legal costs have resurfaced because earlier litigation involving Cyrus Mistry reportedly generated substantial legal expenses.

Published: 2h ago

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