Gliddon said the company has tied up with Bharat Financial Inclusion and Muthoot MFI for disbursement, collection and digitisation of loans.
"And these days are very lonely because the newspapers are full of attacks, most of them unsubstantiated but nevertheless very painful," he said.
The petitioners were two investments firms managed by the family of Cyrus Mistry, the former chairman of Tata Sons, who was ousted on 24th October.
Mistry said he would decide on it and inform the board, even as Ratan Tata said the decision, to a great extent, would be Mistry’s prerogative, the petition says.
The court was hearing a petition filed by Docomo seeking enforcement of a $1.2 billion arbitration award in the company’s favour.
The board had discussed possibility of requesting banks to convert a part of their debt into TTSL equity and if necessary provide a back stop for the same.
Tata Teleservices’ financial struggles had prompted the Japanese company to seek an exit.
As per the agreement Anil Ambani owned firm will enjoy certain information and other rights, but will not be involved directly or indirectly in the management and operations of the new Company.
Tata Steel had called an EGM to remove Cyrus Mistry and an independent director Nusli Wadia from their board. Mistry on Monday resigned from the boards of six listed Tata companies.
Singh was one of the independent directors who had opposed Mistry's removal from the board of the company during its meeting on Novembert 15th.
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