Accordingly National Company Law Appellate Tribunal (NCLAT) on friday said that it will clarify that its order terming Registrar of Companies' (RoC) decision of allowing Tata Sons convert from public to private as 'illegal' did not cast any aspersion on the RoC. Hearing an appeal by the RoC, under the Ministry of corporate Affairs, to remove the word 'illegal' from its december 18 judgement, the appellant tribunal reserved the order for monday, january 6.
The two judge bench headed by NCLAT Chairman S.J. Mukhopadhaya, said the just judgement was based on findings and is not against the RoC.Mukhopadhaya said that it can only clarifies and not change the judgement, adding that the supreme court, being the highest judicial authority can change the judgement if it finds it incorrect.
On thursday, The NCLAT had asked the Registrar of Companies (RoC) to explain the rationale behind allowing Tata Sons to convert into a private company and also sought details of the process for the permission.
