Corporate Affairs Ministry Seeks Modification In NCLAT Order In Tata Case

The Corporate Affairs Ministry on Monday moved the National Company Law Appellate Tribunal seeking certain modification in its order in the Tata Sons matter. The Registrar of Companies (RoC) on Monday moved the National Company Law Appellate Tribunal (NCLAT) requesting to amend its order and remove the word “illegal” with respect to the conversion of Tata Sons from a public company to private company.

The petition filed by RoC was mentioned on Monday before NCLAT, which has directed to list the matter on January 2, 2020 for hearing. In its petition, RoC had asked “to carry out the requisite amendment in paragraphs…. of the judgement dated December 18, 2019 to correctly reflect the conduct of RoC Mumbai as not being illegal and being as per the provisions of the Companies Act along with the rules.”

It has also asked NCLAT to “delete the aspersion made regarding any hurried help accorded by RoC Mumbai to Tata Sons except what was statutorily required by RoC Mumbai”. RoC also said it has acted in “bonafide manner” in converting the status of Tata Sons as “there was no stay granted by this appellate tribunal on the operation of the judgement dated July 9, 2018 of Mumbai, NCLT at the time when this intimation was filed by Tata Sons Ltd.”