Nusli Wadia serves defamation notice to Tata Sons, alleges 'personal vendetta': Report

Wadia, reacting sharply to Tata Sons allegations has said that by making public such allegations, the group has irreparably damaged his reputation,

FP Staff November 21, 2016 21:46:24 IST
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.

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.

The Tata Sons have, however, denied knowledge of any such notice and refused to comment, according to CNBC TV18. 

Earlier, 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. 

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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