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Anil Ambani plans to withdraw defamation suits against Cong, Herald

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Anil Ambani, Reliance Group, Reliance Defence, Reliance Infrastructure, Reliance Aerostructure, Defamation suits, Congress, National Herald, Rafale fighter jet deal, Rafale fighter jet, Business news

Ahmedabad: The Reliance Group chairman Anil Ambani has decided to withdraw the Rs 5,000-crore civil defamation suits filed in an Ahmedabad court against Congress leaders and National Herald newspaper over their statements and an article on the controversial Rafale fighter jet deal.

The suits were being heard in the court of city civil and sessions judge P J Tamakuwala.

“We have intimated the defendants that we are going to withdraw the suits against them,” the complainant’s lawyer, Rasesh Parikh, told media persons on Tuesday.

P S Champaneri, the lawyer representing the National Herald and some other defendants, said he was told by the Reliance Group’s counsel that he received instructions from his client to withdraw the defamation suits against them.

 

Anil Ambani, Reliance Group, Reliance Defence, Reliance Infrastructure, Reliance Aerostructure, Defamation suits, Congress, National Herald, Rafale fighter jet deal, Rafale fighter jet, Business news

 

The formal process to withdraw the suits will be taken up in the court when it resumes after the summer vacation, Champaneri said.

Reliance Defence, Reliance Infrastructure and Reliance Aerostructure-part of the Anil Ambani-owned Reliance Group-had earlier filed civil defamation suits against Congress leaders including Sunil Jakhar, Randeep Singh Surjewala, Oommen Chandy, Ashok Chavan, Abhishek Manu Singhvi, Sanjay Nirupam and Shaktisinh Gohil, and some journalists and news organisations like the National Herald.

The defamation suits were also filed against the National Herald’s editor Zafar Agha, and Vishwadeepak, the author of a news article published by it.

 

Reliance Group chairman to withdraw defamation suits against Cong, Herald:

 

Before going for summer vacation, the court was hearing applications moved by the defendants questioning the territorial jurisdiction of the court in Ahmedabad to hear such suits.

The complainants said the defendants made libelous and derogatory statements against the Reliance Group and its chairman Anil Ambani pertaining to the Rafale fighter jet deal and his firms.

They asked the defendants to “cease and desist” from levelling allegations against the company in connection with the Rafale deal.

 

Anil Ambani, Reliance Group, Reliance Defence, Reliance Infrastructure, Reliance Aerostructure, Defamation suits, Congress, National Herald, Rafale fighter jet deal, Rafale fighter jet, Business news

 

The defamation suit filed against the National Herald pertained to an article published by it, titled ‘Anil Ambani floated Reliance Defence 10 days before Modi announced Rafale deal’.

The article “misleads the general public to believe that undue business favours are being extended to them by the government of the day,” the petition said.

It conveys a “negative image” and “adversely affects the public perception” of Reliance Group and its chairman Ambani, it said.

It has caused “considerable damage” to the reputation and goodwill of plaintiff firms, it said, seeking damages of Rs 5,000 crore.

 

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Forex reserve touched new height,reach on max $513.25 billion.

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The country’s foreign exchange reserves reached an all-time high of $ 513.25 billion during the week ended July 3, with a major increase of $ 6.47 billion. This information has been given in the latest data of the Reserve Bank of India.

Earlier, the country’s foreign exchange reserves had increased by $ 1.27 billion to $ 506.84 billion in the week ended 26 June. For the first time in the week ended June 5, the country’s foreign exchange reserves had gone above the $ 500 billion level. At that time it reached $ 501.70 billion with a strong increase of $ 8.22 billion.

The rise in foreign exchange reserves in the week ended July 3 is due to increase in foreign currency assets, a significant part of the total reserves. According to Reserve Bank data, foreign currency assets increased by $ 5.66 billion to $ 473.26 billion in the week under review. According to the Reserve Bank, gold reserves rose by $ 495 million to $ 34.02 billion in the week under review.

The Reserve Bank data showed that the special drawing rights in the International Monetary Fund increased by $ 4 million to $ 1.45 billion in the week under review, while the country’s reserve currency reserves in the IMF increased by $ 259 million to $ 4.52 billion.

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