Regulator Halts Key Tata Trusts Meeting, Citing Pending Probe

An Indian state regulator has ordered Tata Trusts to postpone its board meeting scheduled for May 16 and halt further engagements until an investigation into alleged regulatory violations is completed.

The directive, issued on Friday by Maharashtra Charity Commissioner Amogh S. Kaloti, puts the brakes on a pivotal meeting where Tata Trusts Chairman Noel Tata was expected to nominate new board members of Tata Sons Pvt., the holding company of the Tata Group.