Nusli Wadia formally withdraws defamation suit against Ratan Tata

Nusli Wadia, chairman of the Wadia group of companies, formally withdrew a defamation suit against Tata group patriarch Ratan Tata, after the latter informed the Supreme Court that he had no intention to defame Wadia.

After the court recorded Tata’s statement, Wadia withdrew the petition, as suggested by the SC last Tuesday, that the two settle the issue amicably. There was no face-to-face meeting between the two and the settlement took place in court, said a source.

This ends the three-year dispute between two of India’s oldest business houses. Wadia had moved the SC to challenge the decision of the