Nusli Wadia files defamation case against Tata Sons, Ratan Tata

Nusli Wadia, who was removed as an independent director from Tata Steel and Tata Motors, had already filed a defamation suit claiming Rs 3,000 crore from Tata and Tata Sons

Nusli Wadia files defamation case against Tata Sons, Ratan Tata

Days after ousted Tata Sons chairman Cyrus Mistry moved National Company Law Tribunal against Tata Sons, Nusli Wadia has on Friday reportedly filed a criminal defamation case against Ratan Tata, Tata Sons and its board of directors.

Nusli Wadia, who was removed as an independent director from Tata Steel and Tata Motors, had already filed a defamation suit claiming Rs 3,000 crore from Tata and Tata Sons, PTI reported.


“By making false and baseless innuendos and allegations against the Complainant, the Accused have caused distress, hurt and humiliation, as well as pecuniary loss, social disadvantages, injury to feelings, mental pain and suffering to the Complainant,” the latest petition read.

Meanwhile, reports said shareholders of Tata Motors have voted to oust Nusli Wadia as the independent director from the board of directors.

During the extraordinary general meeting held on Thursday, 71.20 per cent of shareholders voted in favour of a resolution seeking his removal.

Earlier, Mistry’s family-owned companies, Cyrus Investments Private and Sterling Investment, filed a petition with NCLT against the oppression and mismanagement of Tata Sons under Section 241 of the Companies Act.

According to reports, Mistry’s family holds more than 18 per cent in Tata Sons while Tat has a 66 per cent stake in the company.

However, the NCLT on Thursday reportedly refused to give any interim relief to Cyrus Mistry on the petition.

Stating it would not consider granting interim relief now or entertain interim proceedings, a NCLT bench consisted of B S V Prasad Kumar and V Nallasenapathy on Thursday decided hear the petition   on January 31 and February 1 next year.

Meanwhile, Tata Sons issued a statement saying it believes the petition is not maintainable in law, reports said.