A day after he was ousted as an independent director of Tata Steel, Wadia group chairman Nusli Wadia today filed a criminal defamation suit against Ratan Tata, Tata Sons and its directors.
The case has been filed under section 500 of the Indian Penal Code with Ballard Estate Magistrate court in South Mumbai.
Section 500 of the IPC says that a person found guilty of defaming another shall be punished with an imprisonment of two years or a fine or both.
Nusli Wadia today skipped the crucial Extraordinary General Meeting of Tata Chemicals. However, he wrote to shareholders of Tata Chemicals urging them to vote with conscience.
Wadia was also removed from the Tata Motors board on Thursday with around 72 per cent shareholders backing Tata Sons' resolution that sought his removal.
On Tuesday, ousted Tata group Chairman Cyrus Mistry also took the legal route and filed a petition with National Company Law Tribunal in Mumbai under section 241 of Companies Act for alleged "oppression and mismanagement" at Tata Sons.
