Tata Sons Share Issue Back in Spotlight Dispute Reaches Court Again

A legal notice has been issued to the trustees of the Sir Ratan Tata Trust, including Noel Tata and Tata Sons Chairman N. Chandrasekaran, over the alleged illegal transfer of Tata Sons shares in 1989. According to the notice, 833 equity shares owned by the Navajbai Ratan Tata Trust were transferred to Naval H. Tata in his personal capacity without proper approval, fair consideration, or valid documentation.

The notice was sent on behalf of Sunil Tulshiram Patilkhede, who had earlier approached the Bombay High Court seeking to stop the May 8 meetings of the Sir Ratan Tata Trust and Dorabji Tata Trust. However, the High Court refused to stay the meetings, while both trusts had already filed caveats anticipating legal challenges.