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Tata Trusts Calls Chandrasekaran's Reappointment as Tata Sons Chairman Illegal

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Tata Trusts has declared the reappointment of N Chandrasekaran as Tata Sons chairman legally invalid, citing opposition from Noel Tata during the board resolution. The trusts contend that this opposition renders the board's decision a legal nullity. The dispute follows the Reserve Bank of India's rejection of Tata Sons' attempt to relinquish its core investment company status. Separately, the Tata Sons board has moved forward with plans to list the company on the stock market. The developments have cast significant uncertainty over the conglomerate's leadership succession and could trigger prolonged legal battles.

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