Nusli Wadia serves defamation notice to Tata Sons: Sources

An exclusive newsbreak by Network 18 says Nusli Wadia has served a defamation notice to Tata Sons as he felt the Group's bid to remove him as an Independant Chairman has irreparably marred his image. Noting that the allegations made against him are baseless and false and the Tatas seem to have embarked on a 'personal vendetta' against him, he has demanded the allegations be withdrawn immediately.The Tatas won't be intimidated by this defamation notice, says Hitesh Jain, ALMT Legal. Things are only going to heat up from here.JN Gupta, Former ED of SEBI feels the boardroom should not become a room for personal battles. Hope to see more transparency from both sides, says Shailesh Haribhakti of Haribhakti and Co. "We need to respect the decisions made at the EGM and follow company laws to make decisions going ahead," he adds.Watch video for more.