Reliance Infra, ED notices against NDTV

New Delhi, Oct. 19: News broadcaster NDTV on Friday said Reliance Infrastructure has filed a defamation suit in an Ahmedabad court, seeking damages of `10,000 crore.

The company on October 18 received a notice from Ahmedabad City Civil Court with regard to a suit for defamation instituted by Reliance Infrastructure Ltd & others, against the company, executive cochairperson and managing editor of the company, claiming damages of `10,000 crore, the New Delhi Television Ltd (NDTV) said in a regulatory filing.

The media company will contest the matter in the court, it said in the filing.

“The suit for defamation has been instituted on account of the company's weekly show Truth vs Hype wherein the story — “The Ideal Partner in Rafael Deal” was broadcasted on the channel NDTV 24X7, on September 29, 2018,” the filing said.

NDTV said it outrightly rejects any charges of defamation and will present relevant material to the court to contest the matter, which is listed for hearing on October 26, 2018.

Meanwhile, the Enforcement Directorate has also issued a show cause notice to private television news channel NDTV for alleged violations of the forex law amounting to over `4,000 crore. “The investigation showed FEMA contraventions relating to receipt of foreign direct investment by NDTV to the extent of `1,637 crore and the other relating to overseas investments to the tune of `2,732 crore,” the ED said in a statement. The show cause notice was issued under the Foreign Exchange Management Act.