In the spirit of truce arrived at with his elder brother recently, Anil Ambani on Tuesday withdrew a Rs 10,000-crore defamation suit against Mukesh Ambani in the Bombay High Court.
Anil’s advocate informed the high court that they did not wish to proceed with the suit. However, the advocate did not give any specific reason for withdrawing the suit.
Based on the advocate’s statement, Justice Roshan Dalvi allowed Anil to withdraw the suit.
Anil had dragged his brother to court in 2008, alleging that Mukesh had defamed him in a June 15 interview to New York Times. The interview was later reproduced in two leading Indian newspapers. The two newspapers had also been made respondents in the suit.
Late last month the two had decided to bury their differences over dividing the Reliance empire based on a formula worked out by mother Kokilaben.
As part of the truce, they had decided to scrap a non-compete agreement between their respective groups, a move that would give each side flexibility to utilise resources more efficiently and enter businesses hitherto inaccessible.
The Ambani brothers parted ways in June 2005.