Nusli Wadia Files Defamation Suit Against Tata Sons in High Court
Wadia filed for defamation over the Tata Sons’ notice seeking his removal as independent director of 3 Tata firms.
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. Wadia has sought crores of rupees in damages, but its quantum is not known.
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 Thursday, four minority shareholders of Tata Group firms had moved the HC, challenging the proposed removal of Wadia.
The three Tata companies, on a direction of Tata Sons, have called EGMs to remove Wadia from their boards under 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 Mistry's sacking.
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