Tata Trust chairman Noel Tata and his son Neville Tata have filed caveats in the Bombay High Court and Mumbai City Civil Court in the dispute involving Venu Srinivasan and Vijay Singh. He has hereby requested to hear his side before passing any order in this matter. As per official records, Noel and Neville Tata filed these caveats on October 7. Srinivasan and Singh filed a complaint against Noel and Neville Tata before the Charity Commissioner of Maharashtra. The complaints alleged management lapses and irregularities in several entities associated with Tata Trust. There are reports that Noel and Neville Tata have already filed a caveat with the Charity Commissioner’s office.

Who is made a related party in a caveat?

Noel Tata has made Srinivasan a related party in a caveat filed in the Bombay High Court. Besides Singh, lawyer Darius Khambatta and senior Tata Group official Bhaskar Bhatt have also been made additional parties. Noel and Neville Tata have also made Srinivasan related parties in a caveat filed in the City Civil Court of Mumbai. Here also Singh, Khambatta and Bhatt have been included as additional parties. Tata Sons, the holding company of the Tata Group, is 66 percent owned by a trust associated with Tata Trust. The Noel Tata-led Tata Trust and the management of Tata Sons are at odds on several issues.

There is a dispute over the listing

The Noel party is concerned about the listing of Tata Sons on the stock market, while the management of the company is in favor of complying with the instructions of the Reserve Bank of India. Under these instructions, the company is required to be listed in the stock market. The differences between the two parties were made public before the vote at Tata Sons’ board of directors meeting held on September 17. Despite being a nominee director of Tata Trusts, Srinivasan supported a majority on the board of directors of Tata Sons. Since then, disputes between the two sides have continued on various fora on various issues.