Crime & Law · India
Former CJI rules on Tata Trusts' veto power in company decisions
Former Chief Justice of India DY Chandrachud has ruled that the chairman's casting vote cannot be used to override the affirmative voting rights of Tata Trusts in company matters. Chandrachud stated that affirmative voting rights are crucial for establishing control and protecting the interests of the parties they represent. He further clarified that Noel Tata's 'no' vote rendered the extension of Chandra's tenure invalid, and the chairman's casting vote could not be used to create a missing majority.
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- Centre (2): The Hindu BusinessLine, The New Indian Express