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regular-article-logo Saturday, 23 November 2024

Cyrus Mistry expresses disappointment over Supreme Court order

'Every member of society looks to institutions such as courts to validate and endorse the appropriateness of his or her actions and beliefs'

Our Special Correspondent Mumbai Published 31.03.21, 01:04 AM
Cyrus Mistry.

Cyrus Mistry. File picture

Cyrus Mistry on Tuesday expressed disappointment over the Supreme Court order in his dispute with the Tata group but said his conscience was clear and he had no doubt about the direction he took regarding the generational change in leadership during his tenure at the conglomerate.

“Every member of society looks to institutions such as courts to validate and endorse the appropriateness of his or her actions and beliefs.”

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“As a minority shareholder of Tata Sons, I am personally disappointed by the outcome of the judgement with respect to our case,” Mistry said in a statement, his first remarks since the order of the top court.

He added, "although I will no longer be able to influence the direction of governance of the Tata group directly, I hope that the issues I have raised will cause deeper reflection and influence individuals concerned to catalyse change. I sleep with a clear conscience’’.

Defending his performance at the Tata group when he was the chairman, he said that over the last four years, he had the ``opportunity to reflect on my actions and on whether I could have handled the generational change in leadership better. In hindsight, while I may have had many imperfections, I have no doubt or erosion of conviction about the direction I chose, the integrity behind my actions and their consequences," he noted.

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