News

December 27, 2017

Relief for Cyrus Mistry in Rs 500 crore defamation complaint


cyrusmistry

Providing a relief to ousted Tata Group chairman Cyrus Mistry and others in relation to a defamation complaint, a Sessions Court in Mumbai has set aside summons issued by a Magistrate’s court.

The court said, “Recording a verification statement is not an idle formality but a sacrosanct act and that issuance of process in a private complaint is a serious matter.”

Giving more details, Mistry’s lawyer Aabad Ponda said, “The session’s court, after hearing arguments of all sides at length, quashed and set aside the summons issued by the magistrate’s court. The matter has been remanded to the magistrate for hearing on the complaint.”

In July 2017, the metropolitan magistrate had issued the summons to Mistry and others, directing them to appear before it.

According to the complaint, “When Mistry was ousted as the chairman of Tata Sons on Oct. 24, 2016, he, in an e-mail, alleged that fraudulent transactions worth Rs 22 crore had taken place at the group’s aviation venture, AirAsia India, and accused Venkatramanan of having tried to cover it up.”

Venkatramanan then filed a criminal defamation complaint against Mistry and others for making false allegations and sought a compensation of Rs 500 crore.

In India, the offence of defamation under the Indian Penal Code is punishable with up to 2 years in jail.

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