ITC files â¹1,000 crore defamation suit against advisory firm
FMCG major ITC has filed a â¹1,000 crore defamation suit against proxy advisory firm Institutional Investor Advisory Services (IiAS) for allegedly making defamatory statements against the firm and its directors. In its petition, ITC said IiAS published reports that were "false, defamatory and malicious". ITC also asked for a mandatory injunction directing IiAS to publish an unconditional apology.