•Noel Tata's tough questions on a potential IPO for Tata Sons stalled the vote on Chairman N. Chandrasekaran's third term.
•Noel Tata, head of Tata Trusts, sought assurances against a public listing and laid down conditions including debt control and Air India loss stemming.
•Discussions hit a wall when Chandrasekaran couldn't guarantee a waiver from the banking regulator on the listing issue.
•Chandrasekaran deferred his reappointment, signaling the need for consensus between Tata Sons and Tata Trusts for stability.
•The incident highlights a potential power struggle between Noel Tata and Chandrasekaran, echoing past boardroom battles.
