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Nusli Wadia withdraws defamation suit against Ratan Tata, others

Wadia withdrew plea in SC after court recorded that Ratan Tata and others had no intention to defame him

BS Web Team  |  New Delhi 

Nusli Wadia, Chairman, Wadia Group
Nuslia Wadia

Businessman on Monday withdrew his defamation suit against Tata group patriarch a week after the court asked the parties to resolve their differences like "mature people".

A bench headed by Chief Justice S A Bobde allowed Wadia to withdraw the petition, which sort Rs 3000 crore in damages, after the court said Tata and others had no intention to defame him, agency PTI reported.

Wadia, chairman of the Bombay Dyeing group, filed a criminal in 2016 after he was voted out of the boards of three Tata Group He alleged that he was removed for backing Cyrus Mistry, who was ousted as chairman of Tata Sons.

"You both are mature people. You both are leaders of industry. Why don't you both settle the matter. Why don't you sit together and resolve your differences. Do you all need to pursue litigation like this?" a bench headed by Chief Justice S A Bobde told him on January 6.

The bench on Monday told senior advocate C A Sundaram, appearing for Wadia, that court appreciates his client for the response.

First Published: Mon, January 13 2020. 13:07 IST