Court Issues Summons To Mistry In Defamation Case
By Team Legistify / 2017-07-05

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A Mumbai metropolitan court on Tuesday issued summons to ousted Tata Sons chairman Cyrus Mistry, his brother Shapoorji and directors of two family-held companies in a criminal defamation case filed by R Venkataramanan, managing trustee of Tata Trusts.

The Mistry brothers and directors of the two companies — Cyrus Investments and Sterling Investment Corporation — have been directed to appear, or can be represented through lawyers, before the court on August 24.

The Mistrys can also choose to challenge the order, if they wish. Venkataramanan had on July 22 filed the case against Mistry for allegedly making false statements about him and had sought Rs 500 crore in compensation.

The court passed the order after hearing Venkataramanan’s counsel Parvez Memon for about an hour on the contents of an email sent by Mistry on October 25, 2016 to the board of Tata Sons and Tata Trust trustees. Venkataramanan had alleged that the email contained “defamatory statements” about him.

Memon argued that the allegations against Venkataramanan, who is also director of AirAsia (India), were made by Mistry on an affidavit before the National Company Law Tribunal (NCLT). The allegations were also part of a petition filed by the two family-held companies against Tata Sons, Ratan Tata and several trustees, including Venkataramanan.

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