London, Sept. 18 -- Senior advocate and former Solicitor General of India Harish Salve has said he is advising Tata Sons Chairman N Chandrasekaran amid the ongoing governance differences between Tata Sons and Tata Trusts, and asserted that the company's legal position is "legally perfect."

Speaking exclusively to ANI, Salve said the issue surrounding Tata Sons and the Reserve Bank of India's regulatory directions was "very straightforward", with the RBI requiring the company to comply with the rules applicable to Core Investment Companies (CICs).

Salve said Tata Sons had earlier taken the position that repayment of its loans in 2019 meant it was no longer required to be registered as a CIC. However, according to him, the RBI did not acc...