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Tata Sons Asks Cyrus Mistry To Return All 'Confidential Information'

Tata Sons demanded former chairman Cyrus Mistry return all confidential information and documents regarding the company in his possession, in its second legal notice in as many days

Photo Credit : Reuters

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Tata Sons demanded former chairman Cyrus Mistry return all confidential information and documents regarding the company in his possession, in its second legal notice in as many days.

The letter, sent by Tata Sons' lawyers, further demanded that Mistry sign a letter pledging not to disclose any confidential information regarding the company, including to affiliates, relatives and family members.

"We have credible information that you have wrongfully and dishonestly taken movable property being confidential information," said the letter, a copy of which was seen by Reuters.

The notice comes after Tata Sons, the holding firm for the $100 billion Tata conglomerate, on Tuesday accused Mistry of breaching confidentiality rules, and said it would take legal action against him.

Reacting to Tats Sons' "notice", Mistry's office said it has only received "a number of media queries enclosing the legal notice issued by a law firm representing Mr Ratan Tata and Bombay House, seeking our comments".

"The Tata letter, termed a "notice", is a request not to draw the attention of courts and tribunals to documents and records on the ground that they are "confidential" in nature," it said in a statement.

Insisting that no comment in public will be made nor will provide correspondence to the media to make news, it said: "We will keep focus on the real and core issues in the relevant forums alone. That their letters claiming confidentiality have been widely circulated to the media is ironical. We believe such conduct is unbecoming and interferes with justice administration."

The statement also said the affidavit that Mistry had to file by Thursday has been filed in the National Company Law Tribunal.

(Agencies)


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