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Mistry gears up for legal battle, calls for 'a fair hearing'

Financial Express Bengaluru

|

November 04, 2025

INDUSTRIALIST MEHLI MISTRY has filed a caveat petition before the Maharashtra Charity Commissioner, requesting that he be given “a fair hearing” before any formal move ismade to remove him as a trustee of Tata Trusts.

- GEORGE MATHEW

While the caveat, a preemptive legal measure, ensures that the court or the Charity Commissioner cannot pass any orderagainsthimwithout first giving him an opportunity to present his side, Mistryis understood to have got the support of Ratan Tata’s half-sisters.

Mistry’s challenge could complicate the plans of the Noel Mistry camp, potentially leading toanotherhigh-profilelegal tussle. It’s learnt that half-sisters of Ratan Tata, Shireen and Deanna Jeejeebhoy, are supporting Mistry and had goneon record expressing displeasure over the developments. Darius Khambata, a senior lawyer and a close associate of Mistry, Shireen, Deannaand Mistry are the executors of Ratan Tata’s will. Khambata, who voted for Mistry, is on the board of both Sir Ratan Tata Trust and Sir Dorabji Tata Trust.

Financial Express Bengaluru からのその他のストーリー

Financial Express Bengaluru

Corporate leaders hail Bengal’s biz climate, pledge huge investments

TOP INDUSTRY LEADERS on Thursday lauded the Mamata Banerjee-led West Bengal government for maintaining a “favourable” business climate, as several companies announced expansion and fresh investment plans during a conclave here.

time to read

1 min

December 19, 2025

Financial Express Bengaluru

More pressure likely for GIC Re

THE REDUCTION IN capital requirements for foreign reinsurance branches (FRBs) under the latest Insurance Amendment Bill is expected to attract more overseas players into the ₹98,000-crore domestic reinsurance market.

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1 mins

December 19, 2025

Financial Express Bengaluru

Oman FTA to boost capital flow

TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.

time to read

2 mins

December 19, 2025

Financial Express Bengaluru

Securities market Bill in LS

UNDERTHE BILL, the strength of the Sebi board will increase from nine to 15 members. The Code also provides a framework for inter-regulatory coordina- tion, including for the listing of non-traditional securities, and introduces regulatory sand- boxes to facilitate innovation in financial products, contracts and services. In addition, Sebi will be mandated to follow a transparent and consultative process while issuing subordi- nate legislation, conduct peri- odic reviews of regulations, and carry out regulatory impact assessments.

time to read

2 mins

December 19, 2025

Financial Express Bengaluru

Ola founder sells another 28.3 million shares; stock hits new low

OLA ELECTRIC FOUNDER

time to read

1 min

December 19, 2025

Financial Express Bengaluru

Oman FTA to facilitate easier flow of capital, professionals

ALMOST ALL EXPORTS from India to Oman will be at zero duty after the trade agreement signed on Thursday between the two countries comes into force by March, with farm goods, textiles, engineering, electronics, chemicals and auto sectors among the major beneficiaries.

time to read

1 min

December 19, 2025

Financial Express Bengaluru

Firms can have 50% of Indian staff in Oman

BIZ VISITORS PERMITTED TO STAY UPTO 90 DAYS

time to read

1 mins

December 19, 2025

Financial Express Bengaluru

ECB registrations at two-year low

ACTIVITY SLOWS

time to read

1 mins

December 19, 2025

Financial Express Bengaluru

AMC stocks rise on higher cap for brokerage fees

HAILING SEBI MOVE

time to read

2 mins

December 19, 2025

Financial Express Bengaluru

Investor wealth growth in 2025 slowest in seven years

AFTER BACK-TO-BACK GAINS

time to read

1 min

December 19, 2025

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