Cyrus Mistry says 'not intimidated' by Venkat's criminal defamation case
Venkataramanan, popularly known as Venkat, filed a criminal defamation suit against Mistry for allegedly making false statements and has sought Rs 500 crore in damages.
Venkataramanan, popularly known as Venkat, filed a criminal defamation suit against Mistry for allegedly making false statements and has sought Rs 500 crore in damages.
In his complaint filed with the additional chief metropolitan magistrate here, Venkat has said that Mistry’s October 25, 2016 email to Tata Sons directors and trustees of Tata Trusts contained “defamatory statements” about him.
Tata Sons asked the regulator to investigate Mistry and his family firms for violating insider trading regulations and stop them from sharing any more information unrelated to the ongoing battle at the NCLT.
In an affidavit filed with the NCLT last week and reviewed by ET, Chandra said Mistry had commended him for his inputs during his first Tata Sons board meeting.
Cyrus Mistry took the Tata Group to the court by filing a petition in the National Company Law Tribunal, citing "oppression and mismanagement" by Tata Sons.
An enabling alternative dispute resolution ecosystem is a national priority as it will not only add to investors' comfort level but also ease the burden on courts , he said, adding there is a need to promote India globally as an arbitration hub.
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