Nusli Wadia files defamation suit against Tata Sons, seeks Rs 3,000 cr damages

Mumbai - Industrialist Nusli Wadia on Thursday filed a defamation suit against Tata Sons in the Bombay High Court, seeking damages for harming his reputation while proposing to remove him as an independent director of three of Tata Group companies.

The suit is expected to come for hearing in due course, according to the HC website.

According to media reports, Wadia has sought Rs 3000 crore in damages. A report in The Economic Times said Wadia has sought compensation from the Tatas for the accusations the group has levelled against him without giving any valid reasons.

 Nusli Wadia files defamation suit against Tata Sons, seeks Rs 3,000 cr damages

Nusli Wadia

The suit comes in the wake of the special notice seeking removal of Wadia as independent director of three Tata companies. Wadia has claimed the notice was defamatory to him.

Earlier, Wadia had served three legal notices to Tata Group, seeking to initiate criminal and civil actions against Tata Sons and its directors for his proposed removal.

No immediate reaction was available from Tata Group.

On Wednesday, four minority shareholders of Tata Group firms had moved the HC challenging proposed removal of Wadia.

The three Tata companies, on a direction of Tata Sons, have called EGMs to remove Wadia from their boards under the section 169.

Last week, another group of minority shareholders of Tata companies moved the High Court claiming damages from Tata Sons interim chairman Ratan Tata and others for losses suffered by investors after shares of group companies fell following Mistrys sacking.

With PTI

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Updated Date: Dec 16, 2016 08:57:12 IST