Now, Nusli Wadia files defamation case against Tata Sons, seeks Rs 3000 crore in damages

Nusli Wadia, longtime associate of Rata Tata and independent director on the boards Tata group companies like Tata Chemicals, Tata Motors and Tata Steel, has filed a Rs 3,000-crore defamation suit against Ratan Tata and Tata Sons.

Officials close to the development said the chairman of Wadia Group has sought compensation from Tata Sons for the various accusations it levelled against him in public statements to shareholders. He says no valid reason was given for the allegations and the extraordinary general meetings (EGM) called by the group for his ouster.

Wadia had in November threatened civil and criminal defamation suit against Tata Sons, when the company alleged that Wadia was acting in concert with Cyrus Mistry and against the interests of the principal shareholders by galvanising independent directors.