hot spots that could destroy up to 18 billion of the 29 billion capital employed in them this outburst led the supreme court to remark that mistry acted like a person who tries to set his own house on fire for not getting what he perceives as legitimately due to himas the spat turned public and ugly the sp groups ability to sell or pledge its shares came under a clouda waiting game may not have mattered to mistry in 2016 but two years later india had a shadowbanking crisis its own minilehman brothers moment as i then described it the waves of mistrust triggered by the collapse of ilfs group threatened to sink businesses with longterm property assets funded with shortterm borrowings the sp group which had its roots in construction found itself in the unenviable position of being such an overextended player the group is now asking creditors to restructure half of its 3 billion debt according to bloombergquintall of sps troubles would be over if it could get a nice divorce settlement from the tata empire trouble is ratan tata also knows it as for the hot spots identified by mistry telecom has been sold and tata is exploring options to make the uk steel business sustain itself without indian funding indian hotels co which owns the taj brand and operates the pierre in new york city has been hit hard by the pandemic it too needs a fresh assessment after that its time to script a fresh growth chapter in ecommercenow that the court has thrown out his entire case the 52yearold mistry might take longer to bounce back it seems theres a limit to how lucky one can get with 50 million bloomberg published on mar 30 2021 at 0749 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app tata mistry saga tata sons tata trusts sp group supreme court tata consultancy services cyrus mistry ratan tata tata group homenewsindustryview a lucky halfcentury for this 50 million tata stake comes to an end