Chief Justice of India Sharad Arvind Bobde, who led the court hearing the high-level Tata-Mistry case on Monday, revealed that his attorney son Shrinivas Bobde, represented a subsidiary of Shapoorji Pallonji Group in a matter. slum redevelopment for about two years.
The Supreme Court is hearing cross-appeals filed by Tata Sons and Cyrus Investments against the NCLAT Court of Appeals order that restored Cyrus Mistry as executive chairman of the more than $ 100 billion Tata conglomerate.
A college of Chief Justice and Judges AS Bopanna and V Ramasubramanian asked attorneys appearing for both the Tata Group and SP Group if they have any objections to disclosure.
Senior attorneys Harish Salve, who appears for Tatas and CA Sundaram, representing the SP group, said they had no objections with the main court of chief justice hearing the matter, which continued for the fourth day.
Over the weekend, I learned that my son, who is in Bombay, has been appearing for a branch of SP Group in a slum redevelopment issue for about two years. I thought I’d reveal it to the parties, in case any of you object to this court, the chief judge of India said.
Mr. Hi said he had also appeared in the same matter and has no objection to the bench led by the CJI who heard the case.
Also Mr. Sundaram agrees with Mr. Hi and states that they all show up for one or other companies and also has no objection.
The Chief Justice of India said these issues could create problems at a later stage these days.
The bench noted in its order on Monday when the matter was raised for the hearing, this Court revealed to the Bar that Shrinivas Bobde, a learned attorney, appeared on behalf of a subsidiary of the Shapoorji Pallonji Group in Mumbai in a question regarding the rehabilitation of slums for about two years.
It said: “The attorney / senior consultant appearing for the parties, namely, Harish N. Salve, AM Singhvi, CA Sundaram, Mohan Parasaran, Shyam Divan, Fereshte D. Sethna, etc., have stated that they have no objection to this Court which decides current issues. “
The bench said the joint statement made by the attorney appearing for the parties was taken in the minutes.
Mr. Sundaram, who took up his arguments, referred to various legal provisions and judgments relating to the dissolution of companies.
The hearing remained inconclusive and will continue today.
Previously, the Tatas had opposed as “nonsense” the Shapoorji Pallonji Group’s proposal to swap its 18.37% stake in the Tata Sons, which it claims to be worth 1.75 million lakh rupees, with the shares of listed companies of the Tata group.
Shapoorji Pallonji Group is seeking proportional stakes in listed companies of the Tata Group in lieu of its 18.37 stake in Tata Sons Private Ltd (TSPL), the holding company of the group companies.
Previously, the Tatas had told the court that the valuation of 18.37% of the shares owned by the Shapoorji Pallonji group in Tata Sons is between Rs 70,000 crore and Rs 80,000 crore.
The Shapoorji Pallonji group said however that it was worth Rs 1.75 crore lakh.
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