00:00The battle for the control of the Tata group today spilt into the political arena and how.
00:06Congress leader Rahul Gandhi has now accused the Modi government of trying to destroy Tata
00:11by trying to help people take over it.
00:14Finance Minister Nirmala Sitaraman hit back saying the Congress was against entrepreneurship.
00:20Remember, Sharad Pawar has already backed Noel Tata.
00:24The boardroom battle over N. Chandrasekharan's reappointment likely now to be fought in the courts.
00:31But what began as a corporate power struggle is now turning into a political face-off.
00:36Take a look.
00:41The battle for control of Tata group is now a political flashpoint.
00:45Leader of opposition Rahul Gandhi on Wednesday faded into the controversy with a social media post.
00:51He said, Tata is being criminally destroyed and no business leader dares say a word.
00:58How long will you stay silent? Until they own you?
01:01Indian business is not Modi and Shah's plaything.
01:05You lack courage. We don't.
01:07We will ensure justice for these crimes.
01:10Rahul Gandhi is the second opposition leader to comment on the corporate war that has left India in shaken.
01:19Earlier, Sharad Pawar had come out in support of Noel Tata and called for protection of charitable ownership of Tata
01:26Group.
01:26If Rahul Gandhi wrote anything, then it will be taken back to Rahul Gandhi.
01:31Tata is the second name of Bharose.
01:34And those who are helping, they have the second name of Dhoke.
01:38So Bharose and Dhoke must have to be taken back to both of them.
01:41Finance Minister Nirmala Sita Raman has hit back at Rahul Gandhi.
01:45In a response posted on social media, the finance minister asked the leader of opposition to refrain from politicising every
01:52issue.
01:53Sita Raman added that casually labelling commercial and legal matters as criminal is unacceptable.
02:00She wondered if Rahul Gandhi was trying to incite business leaders to join him in spreading distrust and toxicity.
02:08Sita Raman claimed the Congress governments smothered Indian entrepreneurs for decades under licensed Kota Raj and inflicted poverty on crores
02:18of Indians.
02:19She said Modi government values the Indian industry as job creators and drivers of economic growth.
02:26In his counter, Rahul Gandhi posed two questions to the finance minister.
02:45The political face-off comes a day after Tata Trust's chairman Noel Tata challenged the resolution to reappoint N. Chandrasekharan
02:54as Tata Sun's chairman for five years.
02:56He questioned the validity of the decision taken at the company's September 17 board meeting.
03:02In a letter to Tata Sun's company secretary on Monday, Noel Tata cited procedural irregularities in how the resolution was
03:10brought before the board.
03:12Noel claimed that Chandrasekharan's reappointment was not in the original agenda for the board meeting.
03:18And the reappointment proposal was taken up out of turn.
03:22Noel Tata, who heads Tata Trust's, which owns around two-thirds of Tata Sun's, had opposed Chandrasekharan's reappointment during the
03:31board meeting.
03:32The fight between Tata Sun's chairman N. Chandrasekharan and Tata Trust trustee Venu Srinivasan on one side and Noel Tata
03:40on the other is nowhere near an end.
03:42The battle for control of India's second-largest business group looks set to move from the boardroom to courts now.
03:50Bureau Report, India Today.
