“Reportedly, the TVS chairman, Applicant No. 3 (Venu Srinivasan), engaged Mr Gerry McGovern, then COO (chief operating officer) of Jaguar Land Rover Brand & Luxury, as a consultant for Norton Motorcycles Co., a subsidiary of TVS Holdings. This apparent act, in conflict of his interests as being a director of Tata Sons, the holding company of Jaguar Land Rover, and in breach of his fiduciary duties, as a trustee & nominated director, must be assessed by this Hon’ble Commissioner. It is further prayed that this Hon’ble Commissioner may be pleased to direct for disclosure by Applicant No. 3 (Venu Srinivasan) as to if any payment has been made to Jaguar Land Rover for utilizing the said services of Jaguar Land Rover,” said Mistry.
