Legal opinions back Chandrasekaran’s third term as Tata Sons chairman amid Trusts challenge
Legal opinions obtained by Tata Sons support the validity of N Chandrasekaran’s reappointment as chairman for a third five-year term, saying the provision in the company’s Articles of Association that requires a Selection Committee applies to the appointment of a new chairman and not to the extension or reappointment of an incumbent.
While former Supreme Court judges Justice BN Srikrishna and Justice Uday U Lalit opined that the casting vote exercised by the chairman of the Tata Group board was valid under the company’s Articles of Association, the September 17 board resolution giving Chandrasekaran a third term was on lines of a similar one that gave him a second term in 2022, according to legal opinions reviewed in the matter.
