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ITC has filed a defamation suit against proxy advisory firm Institutional Investor Advisory Services (IiAS) of Rs.1,000 crore in Calcutta High Court for making defamatory statements against the company and its directors.
In the suit,which was filed last month ITC said that IiAS published two reports which were,”false,defamatory and malicious” on its website in July 2017 before the AGM of the company.
The compliant was presented in front of the court of Justice Soumen Sen on 29,August. The summons will be given on the parties,subject to scrutiny.
