Tata v. Mistry: Supreme Court asks Shapoorji Pallonji Group to maintain status quo on pledging of shares in Tata Group

Mistry's SP Group has also been directed to maintain status quo and not take any action as regards the shares already pledged.
Cyrus Mistry and Supreme Court
Cyrus Mistry and Supreme Court

The Supreme Court today restrained Cyrus Mistry's Shapoorji Pallonji Group (SP Group) from pledging any of its shares in Tata Sons for raising funds.

The company has also been directed to maintain status quo and not take any action as regards the shares already pledged.

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