It is the biggest corporate battle that India Inc has ever seen -- the Tata vs Mistry fight. The recent turn of events triggered by the Supreme Court’s stay on Shapoorji Pallonji Group pledging or transferring the 18 percent stake is holds in Tata Sons incited an emotional outburst from the warring camp, which has now said that parting ways is the only option.

But how arduous will this process be? Will Tata and Mistry smoke the peace pipe? To understand all the options as well as challenges ahead of the split, CNBC-TV18’s Nisha Poddar spoke to Shailesh Haribhakti, Chairman of Shailesh Haribhakti Associates; Amit Tandon, Managing Director of Iias; Cherag Balsara, Advocate at Bombay High Court; VR Mehta, Special Advisor at Tata Trusts; and Mohan Parasaran, Senior Advocate at Supreme Court.

Watch the video for more.