Bombay high court: Nusli Wadia files Rs 3,000 crore defamation case against Tatas

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On November 10, Wadia, along with other independent directors of Tata Chemicals, had issued a statement ex pressing confidence in Mistry’s chairmanship after a board meeting. Less than 24 hours later, Tata Sons moved a resolution to remove Wadia from boards of Tata Chemicals, Tata Steel and Tata Motors. Wadia believes Tata Sons’ action was hasty and vindictive. He said he was singled out despite the fact that other independent directors too had supported Mistry.Wadia, in his defamation petition, said he had been associated with the three Tata companies since Ratan Tata’s predecessor JRD Tata’s tenure. He said he was invited to join the boards of Tata Chemicals, Tata Motors and Tata Steel by JRD Tata, who was his godfather and mentor. He also added that he is the longest serving director in these companies, independent or otherwise.

Tata Sons has moved the proposal to remove Wadia from Tata companies on the grounds that he was acting against their interests. The industrialist had said their reaction was an attempt to prevent an independent director from performing his duties in his fiduciary capacity. It was also a signal to other independent directors to toe the Tata Sons’ line, he
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