Cyrus Mistry responded with legal action, accusing Ratan Tata of corporate mismanagement and oppression of minority shareholders.
Pallonji remained on Tata Sons’ board for 25 years before retiring in 2005, passing the torch to his son, Cyrus Mistry.
Pallonji and Tata shared a cordial relationship, with Pallonji supporting Tata’s efforts to streamline the company’s operations, strengthen financial controls, and reduce the influence of independent power-brokers within the group.
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