Tata Has No Intention To Grab Power Through Backdoor, Says His Lawyer As Face-off Continues With Mistry Ouster

As the tussle between Tata and Mistry is becoming murkier, Ratan Tata's lawyer has said that the veteran industrialist has no intention to grab power through the back door.

BCCL

Senior Congress leader Abhishek Manu Singhvi who is also the lawyer of the Tatas had however rubbished the calims.

He said that there was no rule preventing Tata from continuing as the Chairman in 2012 at the age of 75 as there was no age-limit set for the post.

"No law required Ratan Tata to step down at the age of 75. He did so on the basis of a self-imposed limitation. Second, in his status as emeritus chairman, the rules entitled him to attend board meetings whenever he wanted, but he has not attended a single meeting virtually," Singhvi told The Times Of India.

He also added that Mr Tata will be the interim chairman of the company for a maximum period of three months, until the new chairman is selected.?

AP

While stepping in to replace Mistry the 78-year old in a letter to the employees said the decision was "in the interest of the stability of and reassurance to the Tata Group."?

"The Board has requested me to perform the role of the Chairman and I have agreed to do so in the interest and reassurance of the Tata group," he said in the letter.

Tata himself is a part of the six member committee tasked to find a new face for the top job in one of the biggest business houses in the country.