"I have decided to file a case of defamation against Mattu and seek damages to the tune of Rs 50 crore for making fictitious and unsubstantiated accusations against me," Karra said in a statement here.
Mattu had said that Karra grabbed hundreds of kanals of custodian land and land belonging to the locals worth millions of rupees in Shivpora locality of Srinagar through the use of "muscle and money".
Mattu had also reportedly lashed out at Karra for "absconding from his duties" as an elected Member of Parliament from Srinagar when the city was submerged in flood.
"Where was Tariq Karra during the floods? It was his duty as the MP for Srinagar to coordinate the relief and rescue operations but just like PDP patron Mufti Mohammad Sayeed, PDP MP from Srinagar Tariq Karra also deserted Srinagar during the darkest hours of the natural calamity," the NC spokesman had said.
Karra said having been "rejected" by the people and sensing complete rout in the ongoing polls, the NC has now "stooped too low in frustration" that its only agenda is "character assassination" of its political opponents.
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