 "Nusli Wadia serves defamation notice to Tata Sons, alleges 'personal vendetta': Report")
Wadia group chairman Nusli Wadia has reportedly served a defamation notice to Tata Sons, alleging that the resolution seeking his removal as an independent director of the company was moved in great haste, according CNN-News 18.
#EXCLUSIVE Nusli Wadia serves defamation notice to Tata Sons,says 'special notice to remove me as independent director has lowered my image' pic.twitter.com/PEBO5agUcB
— News18 (@CNNnews18) November 21, 2016
According to an exclusive update given to CNBC TV18, Wadia has alleged that the Tata Sons have embarked on a personal vendetta against him, adding that if the Tata Sons allegations are right that he was galvanising other independent directors, then they should cast aspersions on other independent directors as well.
Nusli Wadia Says Demand That Tata Sons Withdraw Allegations Immediately, Tata's Have Embarked On Personal Vendetta Vs Me #Network18Exclusive pic.twitter.com/bLyuqTic8q
— CNBC-TV18 (@CNBCTV18Live) November 21, 2016
Nusli Wadia Says If I Was Galvanising Independent Directors, Then Cast Aspersions On Other Independent Directors#Network18Exclusive
— CNBC-TV18 (@CNBCTV18Live) November 21, 2016
The Tata Sons have, however, denied knowledge of any such notice and refused to comment, according to CNBC TV18.
Tata Sons To CNBC-TV18: Not Aware Of Any Defamation Suit Filed Against Us#MistryVsTata @ShereenBhan
— CNBC-TV18 (@CNBCTV18Live) November 21, 2016
Impact Shorts
More ShortsEarlier, the Tata Sons in a notice to the board, dated 11 November, sought his ouster, accusing Wadia of leading a coup against the Tatas by galvanising all independent directors of the group, Business Standard reported_._ The notice further alleged that Wadia was in cohort with the group’s ousted Chairman, Cyrus Mistry and is acting against the interests of the company. Wadia, on his part, reacting sharply to the allegations, has said that by making public such allegations, the group has irreparably damaged his reputation, according to CNBC TV18.
Nusli Wadia Says Allegations Intended To Harm My Reputation, Special Notice To Remove Me As Independent Director Has Lowered My Image #Excl pic.twitter.com/wxMPCNRZX9
— CNBC-TV18 (@CNBCTV18Live) November 21, 2016
Wadia had earlier responded in writing to the Tata Sons notice stating that allegations made by the group were “false, defamatory and libelous” and has sought the withdrawal of the notice, according to a report in The Economic Times. The report further added that Wadia sought that Tata Sons board withdraw the notice within two days of receiving his letter, failing which, he will initiate criminal and civil proceedings against the groups.
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