Cheyenman Nusli Wadia of Bombay Dyeing withdrew defamation cases against former Tata Group chairman Ratan Tata and others, including a compensation of Rs 3000 crore.
On Monday, Dyeingman Nusli Wadia of Bombay Dyeing withdrew all defamation cases including damages of Rs 3000 crore filed against former Tata Group chairman Ratan Tata and others. A bench headed by Chief Justice SA Bobde allowed Wadia to withdraw his petition in the apex court. Earlier, the bench recorded the statement that Tata and others were not intent on defaming Wadia.
The bench said that in view of Tata’s statement that there was no intention to defame Wadia, which is in line with the outcome of the High Court, the petitioner is allowed to withdraw the existing petition and the pending suit for damages. The bench told senior advocate CA Sundaram appearing on behalf of Wadia that the court appreciates his client’s view.
What was the matter?
On January 6, the apex court had asked Wadia and Tata to resolve their differences in the defamation case together. Wadia filed a defamation case against Ratan Tata and others in 2016 when he was removed from the board of some Tata group companies. Wadia was an independent director on the boards of Tata Motors, Tata Steel and Tata Chemicals. Wadia had demanded a compensation of Rs 3,000 crore in this case.
What did the Supreme Court say?
During the last hearing, Nusli Wadia’s lawyer said that his case was not against the company but against those who circulated a special resolution making all the allegations about my client and took it to the media.
During the hearing, the CJI had said that both of you are senior leaders of the industry, can’t you resolve the issue by talking to each other. We do not want to comment, do you need such litigation today, if you settle the case yourself.Get Business News, Latest India News, Sports News and other Breaking News on Investment Schemes, Share Market and much more on 24 x 7 News. We are happy to provide you best news happening around