One man’s poison is another man’s food. During Covid, doctors and crematoriums, graveyards and dolo makers had a boom time like never before.
Both sides rush to hire lawyers even if they don’t want to use them to make sure that the other side can’t access them. When air India is losing Rs 40,000 cr pa – how does it matter if the legal fight costs a couple of thousand crores. And when the Ganges is flowing – a few politicians and judges will also dip in to purify themselves and collect enough for their next few generations. One law firm made Rs 1200 cr from Amazon.
The party has started. Here is the statement by Abhishek Manu Singhvi:
“Having worked closely with Ratan Tata earlier, being aware of his legacy and not only knowing personally all the principal actors on both sides in the current so called Tata dispute but also having deep, genuine and abiding respect for and excellent equations with all of them, my first reaction, as I enter the fray as the lead lawyer for one side, is one of sadness and regret that these issues could not be solved amicably. But in the ultimate analysis, fundamental rights of shareholder-owners cannot be nullified in the manner in which they have been. To stultify shareholder ownership rights would spell doomsday for corporate governance across hundreds of Indian companies. To stymie democratic intra Trust decision-making by Tata Trusts by putting a sudden and completely unwarranted fetter on even their covening for a meeting is another matter of patent legality. Rupturing the over hundred years of Tata Trust and Tata Sons established hyphenated relationship and divorcing one from the other seems unthinkable. Ignoring the unvarying precondition of Trust unanimity in voting & the clear veto in provisions applied without cavil for decades appears patently unjustified. Sadly, the Supreme Court judgement in Tata- Mistry which clearly gave Tata Trusts primacy in the relationship with Tata Sons, upheld the special Articles in this regard in the Tata Sons articles and spoke of the fiduciary duty to millions of Indians, seems to have been selectively forgotten. Unfortunately, in the absence of collegiality and conviviality, these and many other related issues can only have legal solutions”
As long as the music is playing – the party will run. No matter who wins. The country may lose. The FM may lose her job. And the damage will go both upward and downward.
Look at the Sensex.
I believe the gambling book makers have started opening odds. The odds are in favour of Tata but they can change anytime
The Chandra fraction is spreading the rumour that the FM is with them. And so is everyone else.
In Lutyen Delhi it doesn’t yet feel that way. But who knows. Bombay is a different country. India is a continent.
The conspiracy theory is that Chandrasekhar sends lots of packets the Delhi way. And Noel won’t.
But I refuse to believe that Modiji or Nirmalaji or Ashwini Vaishnav or the RSS or the BJP are corrupt.
