The bench of Chief Justice S.A. Bobde, Justices V. Ramasubramanian and A.S. Bopanna directed the parties to submit their written notes within a week. The day's proceedings began with Senior Advocate Shyam Divan, taking the Supreme Court through the course of events.
The Chief Justice then, giving an example of a Chief Minister who consults with his ministers before a cabinet meeting, questioned Sundaram whether such consultation takes away the independence of the Chief Minister.
Senior Advocate Harish Salve appearing for Tata Sons while resuming his submissions before the bench led by Chief Justice of India SA Bobde said the respondents had challenged Article 86 as an oppressive Article.
Tata Sons has put a spanner in Cyrus Mistry’s attempt to pledge some Tata shares to raise money to urgently repay some outstanding debt. Mistry is a prominent holder of Tata stocks through his family company Shapoorji Pallonji (SP).
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