Commercial decisions taken by the boards
Mistry had raised questions over major commercial decisions taken by the boards of various Tata group companies. Some of these include Tata Power's decision to bid aggressively for the Mundra Project, Tata Motors' Tata Nano project, losses incurred by Indian Hotels and Tata Steel on overseas operations. Sebi had asked the audit committees of each of the companies to study the allegations.
Removal of independent director
It was alleged that independent director Nusli Wadia was unfairly removed from the board of Tata Steel, Tata Chemicals, and Tata Motors for supporting Mistry.