Tata Trusts has received relief in a decades-old dispute over 833 Tata Sons shares transferred to Naval Tata in 1989. The Maharashtra Charity Commissioner has closed the complaint, finding that the transaction followed the required process.
The shares were transferred from the Navajbai Ratan Tata Trust, with the trust receiving payment based on an approved valuation. The complaint was revived this year by trustee Vijay Singh, who sought an inquiry into the transaction.
The Commissioner also criticised aspects of Singh’s conduct while pursuing the case. The ruling comes as Tata Trusts, led by Noel Tata, faces growing attention over Tata Sons’ succession and governance.