Two more Cyrus Mistry-appointed senior executives of Tata Sons quit their jobs at the conglomerate on Saturday, according to The Times of India. The development follows the group's human resources chief NS Rajan's resignation from his post after Mistry was ousted as the chairperson of Tata Sons on October 24.

Madhu Kannan and Nirmalya Kumar were both members of the Group Executive Council Mistry had set up in 2013 to function as an advisory body. The five-member council was dissolved after the chairperson's dismissal. Kannan was the Tata Group's head of business development and public affairs, Kumar was the group strategy executive. Their profiles have been retracted from the group's website, as well.

However, the two other members of the council – Mukund Rajan and Harish Bhat – are Tata loyalists and continue to hold their positions within the company. They will soon take on senior positions at the conglomerate, according to Reuters.

Moreover, Mistry and Ratan Tata, who took over as the interim chairman of Tata Sons after Mistry's ouster, met Prime Minister Narendra Modi in separate meetings to discuss the ongoing dispute, The Times of India reported. According to the Reuters report, CNBC-TV18 had reported that senior lawyer Darius Khambatta had initiated mediation talks between the two parties.

On October 24, the board decided to push Mistry out after a massive fallout, with Tata's shares falling. The Tatas had also filed caveats as a preventive measure, "fearing legal action" by Mistry against their move to dismiss him from the post after four years.

After his removal, a letter by Mistry was made public, which claimed that the conglomerate faced $18 billion (Rs 1.15 lakh crore) in write downs, or reduction in value of assets. The letter said he had inherited "debt-laden" ventures of the conglomerate during his tenure, including Indian Hotels Co, Tata Motors' passenger vehicle operations, Tata Steel's European business, and part of the group's power unit and its telecommunications subsidiary.