Justice Paresh Upadhyay issued the notice, seeking a reply within two weeks.
The website's lawyer, senior advocate Dushyant Dave, argued that the lower court's order prohibiting it from publishing any article related to Jay Shah was a curtailment of the Constitutional freedom of speech and expression.
Its readers have the right to know, said the petition, while maintaining that there was nothing defamatory in its article about Jay Shah's firm.
The company saw a huge rise in its turnover following Narendra Modi becoming prime minister in 2014, and its revenue rose from Rs 50,000 to over Rs 80 crore in one year, the article said.
It triggered a political firestorm, with the Congress demanding inquiry into the matter and while the BJP calling it slanderous.
In his suit, Shah termed the article as "scandalous, frivolous, misleading, derogatory, libelous and consisting of several defamatory statements."
In the criminal defamation suit case, the metropolitan magistrate has summoned all the respondents on November 13.
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