Overview
- A majority of trustees at the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust voted on October 28 against renewing Mistry’s term, according to reports.
- The Trusts have not yet filed the mandatory change report with the Maharashtra Charity Commissioner, though lawyers linked to both sides have visited the Worli office.
- Mistry is expected to cite an October 2024 resolution he views as allowing life reappointment, a reading Noel Tata, Venu Srinivasan, and Vijay Singh rejected as legally flawed.
- Under the Maharashtra Public Trusts Act, the Commissioner typically issues notice within about 90 days to an outgoing trustee to consent or contest, with any order appealable in the Bombay High Court.
- Control over Tata Sons hinges on the trustee lineup of these two trusts, and experts say strategic decisions could slow even if day-to-day operations remain steady.