A few hours after Tata Group company CEOs met at the head office of the group on Tuesday, ousted Tata Sons Chairman Cyrus Mistry confirmed that the Tatas have filed caveats against him.



The statement was in response to speculation that Mistry had taken legal action against the group over his abrupt dismissal.



“A caveat is a notice filed by a party fearing legal action seeking notice before action," a statement from Mistry's office said, underlining the Tatas' attempt to pre-empt any legal move from Mistry.



"Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage,” it added, pointing to a previous statement issued by Shapoorji Pallonji that it was too early to comment on whether legal action is being mulled.



According to media reports, Tatas have filed caveats in the Supreme Court, Bombay and Delhi high courts and National Company Law Tribunal.



However, sources have told CNBC-TV18 that Mistry is considering contesting the decision to remove him as chairman of the Tata Group.



The Tata Group CEOs meet concluded today in which it is believed representatives from all companies were present.



CNBC-TV18 learns from sources that Ratan Tata has assured continuity and has asked the group CEOs to refrain from speculation. Tata is also believed to have said that things are on track.



The meet was called so that Tata could address concerns that CEOs have raised regarding possible changes.



CNBC-TV18 also learns that the Tata Group Selection Committee will meet this evening.

The names that are doing the rounds as possible replacements for Cyrus Mistry include Noel Tata and Indira Nooyi – the same names that were in the race back in 2012 before Mistry was appointed.

All the group companies will also conduct a board meeting and Cyrus Mistry will step down from the boards of all of them soon.



CNBC-TV18 further learns that Ratan Tata has asked Tata Group company CEOs to seek Cyrus Mistry resignation. Boards of all group companies to meet in the next 2 weeks to take up resignation of Cyrus Mistry. Letter requesting resignation by CEOs to be presented in board meets.