Wednesday, March 27, 2019

HC quashes Mistry's defamation proceedings against former Tata Trusts head Venkataramanan

Mumbai: The Bombay High Court Wednesday quashed a prosecution order issued by a magistrate court here last year against the past managing trustee of Tata Trusts R Venkataramanan in a defamation case filed by the Shapoorji Pallonji group.
In October 2018, the magistrate's court at Ballard Pier had issued the process of summoning Venkataramanan after the Shapoorji Pallonji group filed a criminal defamation case against him.
In the complaint, the Shapoorji Pallonji group, which owns 18.6 percent in the Tata group, had alleged that Venkataramanan had made some comments in a press note which were false and defamatory to the group.
In the said press note, Venkataramanan had stated that in his capacity as non-executive director of Air Asia India, he had been wrongly named as an accused by the CBI.
"It is commonly known that the present accusations qua AirAsia India find their root in baseless allegations made by Cyrus P Mistry (ex-Tata Sons chairman who was unceremoniously sacked on October 24, 2016) and the Shapoor Pallonji group against Tata Trusts trustees (me included) and Tata Sons in his 'revenge' legal actions," Venkatramanan had said.
27/03/19 PTI/Economic Times
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