In N Chandrasekaran Reappointment Row, Tata Sons Cites Ex-Chief Justice's Opinion

The Tata Sons' Articles of Association, and specifically Article 121, have been in the spotlight since the boardroom battle came to a head on September 17, pitting Tata Sons against Tata Trusts and Noel Tata. Article 121 requires some decisions taken by a board majority to also get the nod from a majority of the directors nominated by Tata Trusts. There are currently two Tata Trusts nominees on the Tata Sons board: Tata Trusts Chairman Noel Tata and Vice-Chairman Venu Srinivasan.During the September 17 board meeting, Srinivasan joined three other directors on the Tata Sons board in backing the reappointment of N Chandrasekaran as Tata Group Chairman, while Noel Tata opposed it.