Amid the tussle between the trustees of Tata Trusts that control India’s biggest business group, trustee Mehli Mistry has given a conditional approval for the reappointment of fellow trustees. This came as Venu Srinivasan’s term as trustee and vice-chairman of the Sir Dorabji Tata Trust (SDTT) ended on Monday after which he was reappointed for life, while Mistry’s term is also up for renewal. Advertisement
According to a report in The Economic Times, Mistry, in an email to the trustees on October 21, said that all future trustee renewals should be approved unanimously, and if any future resolution was not unanimous, his own approval would be withdrawn. This assumes importance as well as demands reciprocity in the renewal of his term as well. The first renewal such a condition would apply