TATA BOARDROOM WAR? Harish Salve On Chandra, Trusts, RBI & Casting Vote | TATA TRUSTS vs TATA SONS

Harish Salve speaks exclusively to Rahul Shivshankar on the escalating Tata Sons–Tata Trusts governance dispute and the legal questions surrounding the Tata Group’s holding company.In this special conversation, Salve addresses the key issues now at the centre of the Tata Sons boardroom battle:Tata Sons vs Tata Trusts: What are the core governance and legal questions behind the current dispute?RBI rules: Salve discusses the regulatory framework applicable to Tata Sons and why the issue cannot simply be viewed as a new regulatory intervention.Tata Sons listing: Could a public listing bring greater transparency and a clearer governance structure? What are the arguments around the move?Board deadlock: Salve explains the broader principle behind his statement that “no company can have a deadlock.”Casting vote: Can a casting vote resolve a disagreement involving Tata Trusts’ nominee directors? What does the governance structure mean for decision-making?N. Chandrasekaran’s reappointment: Tata Sons’ board has approved a fresh five-year term for Chandrasekaran, while Tata Trusts has challenged the validity of the decision.Third-term question: Salve discusses whether Chandrasekaran could reconsider an earlier decision not to seek another term, particularly given the work underway across the Tata Group.Legal status of the Tata Sons board: What exactly is the legal position of...