It is a major win for Cyrus Mistry in his legal battle against the Tata Sons. The company appellate tribunal (NCLAT) has restored him as the executive chairman of the Tata Group. The tribunal has also held the appointment of N Chandrasekaran as executive chairman illegal.

CNBC-TV18 spoke to Aryama Sundaram, Cyrus Mistry's counsel, to understand the NCLAT order further.

Sundaram said, "The main takeaway from this is that Cyrus Mistry has certainly been vindicated for the manner in which he was sought to be removed because of his insistence on corporate governance, transparency in management and protection of minority shareholders interest."

Mistry's counsel further laid stress on the importance of corporate governance and added the entire case really centred around these aspects.

"Tata Sons controls so many other companies in which there is so much public money and investor money. There has to be corporate governance of an impeccable standard. There has to be transparency in that governance and decisions taken should really protect the interest of all including the minority shareholders. We are very glad that the stand has been vindicated. What was done was totally oppressive and ought not to have been done by the then board of directors."

While talking about the strategy going forward Sundaram said, "Basically I don't think there will be too much of difference in the stances of either of the sides. So far as Mr Mistry is concerned, the concern of the companies which hold the minority shareholders will continue to be the same as they were, which caused them to approach the court in the first place and that will be reiterated before the apex court."

NCLAT has allowed the Tata Group four weeks to appeal against the order.

"Tata Group will also stand their grounds of appeal before the Supreme Court and we shall await to see how the Supreme Court views this whole case now," he added.