Seems ousted chairman Cyrus Mistry is up for a bigger battle with the Tatas. 

Now in a fresh salvo, two firms of Shapoorji Pallonji Group, Cyrus Investments and Sterling Investment Corp, managed by Mistry has made some serious charges against Tata Sons and Ratan Tata.

Source: b'Cyrus Mistry/Source: AFP'

In a petition filed with the National Company Law Tribunal,

Making the allegations, they have cited the report by Deloitte which had conducted a forensic investigation on AirAsia India.

Source: b'Source: Reuters'

The Deloitte report has alleged that the airline's former CEO Mittu Chandilya had instructed company payments totalling Rs 22 crore to to a Singapore-based entity where no service was rendered, and to an Indian firm which doesn’t even exist in government records.

However, Tata Sons spokespersons have termed the allegations as "completely baseless", and told ET that each one of them will be responded to and proved incorrect.

"AirAsia India has already put it in the public domain, as early as October 31, that there is an ongoing investigation against certain former personnel of AirAsia India involving irregular personal expense claims and certain company charges," he added.

.