All-out war at Bombay House: Trusts calls Chandra's return 'illegal,' Noel fights to keep Tata Sons unlisted

Tata Sons' board reappointed its executive chairman, N Chandrasekaran, for five years. This decision faced opposition from Tata Trusts' chairman, Noel Tata, who deemed it illegal. The dispute arises from differing interpretations of RBI norms and the company's private status. Tata Trusts believes Noel Tata's dissenting vote acts as a veto power. The company must now navigate these challenges and comply with regulatory requirements.