The Bombay High Court ruled that Shireen Jejeebhoy, Ratan Tata’s sister, is entitled to legal costs from his estate. The decision clarified the distribution of Ratan Tata’s assets as detailed in his Will and Codicils, emphasizing that unlisted and listed shares will be allocated to the Ratan Tata Endowment Foundation and Trust.
Ratan Tata, the revered chairman emeritus of Tata Group, passed away at 86 in Mumbai. Known for transforming the Tata Group into a global powerhouse, he was engaged in a legal battle with successor Cyrus Mistry, culminating in a Supreme Court ruling in 2021 that upheld Mistry’s removal. Tata’s legacy endures in Indian industry.
