Tata Trusts Challenges Chandrasekaran Reappointment Over Undisclosed TVS Deal

Tata Trusts calls Tata Sons' September 17 board resolution extending N. Chandrasekaran's chairmanship through 2032 a "legal nullity." The decisive vote came from Venu Srinivasan of TVS Motor, whose company leased 17.41 acres to a firm where Chandrasekaran's wife and son are directors five months before the vote.

• Tata Sons board voted 4-1 on September 17 to give Chandrasekaran a third term through 2032
• TVS Motor leased 17.41 acres in Tamil Nadu to Hanno One for 29 years; HDFC Bank lent ₹60 crore
• Tata Trusts holds about 66% of Tata Sons and may file in NCLT or Bombay High Court
• Harish Salve represents Chandrasekaran, Abhishek Manu Singhvi represents the Trusts