Reliance Group files Rs 5000cr defamation suit against Singhvi

Anil Ambani-led Reliance Group has filed a Rs 5,000-crore defamation suit against Congress spokesperson Abhishek Singhvi in the Gujarat High Court, sources close to the Group said.

The suit, which was filed against Singhvi for allegedly making "false and defamatory statements", is likely to come up for hearing on Monday.

The group spokesperson was not immediately available for comments.

A Reliance group spokesperson had on November 30 stated that: "Abhishek Singhvi has made false, defamatory and libellous statements against the group. We will be filing a Rs 5,000-crore suit for damages against Singhvi for making these false and defamatory statements."

That day, Singhvi had said that "top 50 corporates owe Rs 8.35 lakh crore to banks and out of those, three top Gujarat- based companies -- Reliance (Anil Ambani Group), Adani and Essar -- owe Rs 3 lakh crore."

"One of them had last month publicly declared that they are shutting their telecom business with a liability of Rs 45,000 crore due to banks," he said in an apparent reference to Reliance Communications shutting down 2G business.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel