The petition filed by RoC was mentioned on Monday before NCLAT, which has directed to list the matter on January 2, 2020 for hearing.
The scrip of Tata Global Beverages fell 0.89 per cent, Indian Hotels Company slipped 0.62 per cent.
The NCLAT however stayed the operation of the order with respect to reinstatement for four weeks to allow Tatas to appeal.
Vistara is already has a similar arrangement with the two carriers for domestic flights.
Wadia filed the case in 2016 after he was voted out of the boards of some Tata Group companies.
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