In an in depth objection filed below Part 22 of the Maharashtra Public Trust Act, which was reviewed by Moneycontrol, Mistry has sought scrutiny of trustee appointments and sure selections taken by the belief following the loss of life of Ratan Tata.
The filing, dated June 4, argues that trustees of the Sir Ratan Tata Trust and Sir Dorabji Tata Trust handed a unanimous decision on October 17, 2024, geared toward making certain continuity in governance by supporting the reappointment of current trustees. Mistry alleged that the understanding was subsequently not honoured in his case, ensuing in the non-renewal of his tenure.
In accordance with the petition, the choice was arbitrary and inconsistent with the spirit of the decision adopted after Ratan Tata’s loss of life to protect stability and continuity throughout the trusts.
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The filing goes past the difficulty of trustee appointments and raises broader considerations relating to governance practices at Tata Trusts. Mistry has alleged that sure trustees benefited from monetary preparations involving Tata group firms whereas serving as trustees and nominee administrators.
Among the many points highlighted in the petition are funds and commissions allegedly obtained by trustee Venu Srinivasan from Tata group entities over a number of years. The filing cites remuneration obtained from Tata Sons, Tata Superior Programs, Tata Lockheed Martin Aerostructures and Tata Sikorsky Aerospace. In accordance with the petition, the mixture quantity exceeded Rs 20 crore over time. Mistry has argued that such preparations warrant nearer examination from a fiduciary and governance perspective.
The petition additional alleges that trustees are obligated to behave solely in the pursuits of the charitable trusts and that any perceived conflicts of curiosity ought to be subjected to unbiased scrutiny. It contends that monies earned by trustees whereas serving as nominees of charitable trusts on Tata firm boards ought to have been examined from a battle-of-curiosity standpoint.
Mistry has additionally referred to governance points regarding Tata Sons. The filing alleges that sure selections affecting entities intently linked to the trusts have been taken with out enough session and transparency.
One notable facet of the petition is its reference to a unanimous decision handed by the trusts in July 2025 supporting an extension of Tata Sons chairman N Chandrasekaran’s tenure. In accordance with the filing, subsequent actions by some trustees have been inconsistent with that place and mirrored a departure from beforehand agreed selections.
The petition additionally refers to a different decision below which the trusts had resolved to protect Tata Sons’ standing as an unlisted firm and discover choices for offering an exit path to minority shareholder Shapoorji Pallonji Group with out pursuing a public itemizing. Mistry has alleged that sure trustees later publicly advocated positions opposite to that decision.
Primarily based on the allegations outlined in the filing, Mistry sought intervention from the Charity Commissioner, together with scrutiny of trustee conduct, examination of alleged conflicts of curiosity and governance practices, and consideration of corrective measures to safeguard the administration of the belief.
The filing additionally seeks the appointment of an unbiased administrator to supervise the belief’s affairs till governance considerations are addressed.
The allegations contained in the petition signify claims made by Mistry earlier than the Charity Commissioner and haven’t been adjudicated. Responses from Tata Trusts and the trustees named in the filing couldn’t instantly be obtained.
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