Top Story

e4m_logo.png

Home >> Media – Print >> Article

ITC, Deveshwar file Rs 550 cr suit against ABP, its editor Sarkar

01-May-2004
Font Size   16
ITC, Deveshwar file Rs 550 cr suit against ABP, its editor Sarkar

ITC Ltd and its chairman Yogesh Chandra Deveshwar have filed a Rs 550 crore damage suit against ABP Ltd and its editor Aveek Sarkar in the Calcutta High Court. The suit sought an injunction restraining ABP Ltd from publishing any news item relating to the company and its chairman which affect the goodwill and business reputation of ITC. The suit was filed last week.

ITC Ltd and its chairman Yogesh Chandra Deveshwar have filed a Rs 550 crore damage suit against ABP Ltd and its editor Aveek Sarkar in the Calcutta High Court.

The suit was filed last week. The writ of summon will be issued to Sarkar, ABP Ltd and its printer publisher.

ABP managing director A Lahiri said the company would not like to comment on the issue as the matter was sub-judice. “It will be dealt with by the legal department,” he added.

The suit claimed a decree of Rs 500 crore as damage for ITC Ltd and Rs 50 crore for Deveshwar.

The suit sought an injunction restraining ABP Ltd from publishing any news item relating to the company and its chairman which affect the goodwill and business reputation of ITC.

It was stated in the plaint of the suit that on April 10, 2004, ABP Ltd’s English newspaper, “The Telegraph”, published an article relating to ITC and its chairman which lowered the dignity and reputation of the two.

The article was published under the headlines “Smoke gets in his Eyes”. Khaitan and Company filed the suit on behalf of both ITC and its chairman.

The suit alleged that April 10 news article not only damaged the image of ITC in the eyes of general public at large but created confusion among shareholders of ITC.

Being the largest tobacco manufacturing company in India, ITC held an important position in the economy of the country, but the news item tried to lowered the position of the company, the suit alleged.

The chairman of ITC has a reputed place in society and the April 10 story hampered his reputation, the plaint added.

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

The campaign, featuring brand ambassador Farhan Akhtar, exhorts consumers to showcase their achievements through the walls of their homes.

We list a few important stories that you may have missed in the week gone by

The campaign takes the narrative forward to persuade prospective investors to invest in mutual funds