Nusli Wadia files Rs 3,000 crore defamation suit against Tatas
Tata Motors' independent director Nusli Wadia, who will next week face shareholders' vote called by Tata Sons for his removal has reportedly filed a defamation suit of Rs 3,000 crore against Tata Sons, media reports said.
- Dec 15, 2016,
- Updated Dec 15, 2016 11:42 PM IST
Tata Motors' independent director Nusli Wadia, who will next week face shareholders' vote called by Tata Sons for his removal has reportedly filed a defamation suit of Rs 3,000 crore against Tata Sons, media reports said.
Wadia has reportedly claimed Rs 3,000 crore in damages in a case filed in Bombay High Court.
In a letter to Tata Steel's shareholders, Wadia had earlier said that it is ironic that the founder Jamshedji Tata started Tata Steel to fight British Steel and now Ratan Tata is trying to save British Steel (Corus/Tata Steel Europe) by deploying huge resources at the cost of Tata Steel India.
"The very purpose and foundation of Tata Steel by the great Indian visionary and nationalist Jamshedji Tata in 1907 was to fulfil the dream of 'Make in India' when all the steel consumed in India was being imported from the UK," Wadia had said in the 15-page letter.
Hitting back at Tata Sons for seeking his removal as Independent Director, Wadia had said, "the alleged reasons seeking my removal do not even remotely relate to my performance or my conduct as an Independent Director of Tata Steel for 37 years."
Tata Motors' independent director Nusli Wadia, who will next week face shareholders' vote called by Tata Sons for his removal has reportedly filed a defamation suit of Rs 3,000 crore against Tata Sons, media reports said.
Wadia has reportedly claimed Rs 3,000 crore in damages in a case filed in Bombay High Court.
In a letter to Tata Steel's shareholders, Wadia had earlier said that it is ironic that the founder Jamshedji Tata started Tata Steel to fight British Steel and now Ratan Tata is trying to save British Steel (Corus/Tata Steel Europe) by deploying huge resources at the cost of Tata Steel India.
"The very purpose and foundation of Tata Steel by the great Indian visionary and nationalist Jamshedji Tata in 1907 was to fulfil the dream of 'Make in India' when all the steel consumed in India was being imported from the UK," Wadia had said in the 15-page letter.
Hitting back at Tata Sons for seeking his removal as Independent Director, Wadia had said, "the alleged reasons seeking my removal do not even remotely relate to my performance or my conduct as an Independent Director of Tata Steel for 37 years."