Legal eagles back Tata Sons board resolution outcome, says "casting vote valid in deadlock"
New Delhi, Sept. 24 -- Two former judges of the Supreme Court, Justice BN Srikrishna and former Chief Justice of India UU Lalit, have given separate legal opinions to Tata Sons supporting the outcome of the company's board proceedings concerning N Chandrasekaran, holding that the chairman's casting vote could be exercised to resolve the equality of votes under the company's Articles of Association.
The opinions obtained by Tata Sons examine the interpretation of Articles 104B, 118 and 121 of the company's Articles of Association, including the circumstances in which the chairman can exercise a casting vote and the duties of directors nominated by a particular entity.
Senior advocate Sudipto Sarkar had also given an opinion to Tata Sons ...
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