NEW DELHI, Jan. 17 -- The Supreme Court on Monday allowed Bombay Dyeing chairman Nusli Wadia to withdraw a criminal defamation suit against Tata group executives and board members, including chairman emeritus Ratan Tata. This comes as a further relief for Tata, who is in the midst of a legal battle over the ouster of Cyrus Mistry from the executive chairmanship of Tata Sons.
Wadia withdrew the suit after Tata said he had no intention of defaming the businessman.
"In view of the statement made by Tata that there was no intention to defame Wadia, which is in accordance with the finding of the high court, the petitioner is hereby allowed to withdraw the present petition as well as the pending suit for damages," said the apex court bench head...