Court stays proceedings against Cyrus Mistry in defamation suit

A Mumbai sessions court has stayed proceedings in a magistrate’s court in connection with a Rs 500-crore defamation suit filed by R Venkatramanan, managing trustee of Tata Trusts, against former Tata Group chairman Cyrus Mistry and others.

While admitting the revision petition, the court stayed the lower court from proceeding further in the matter. The next hearing for the case is on September 11.

Aabad Ponda, counsel for Mistry, argued that Venkataramanan had deliberately suppressed the fact that the National Company Appellate Law Tribunal (NCLAT) had, by way of its order dated May 4, admitted the appeal filed by minority