Plea Filed In Delhi Court Against PM Modi, Rahul Gandhi Over 'Defamatory' Remarks On Adani Group

The petitioner has cited speeches by Rahul Gandhi and PM Modi in poll rallies and sought permanent injunction to prevent them from making defamatory statements that could harm Adani Group's market value

PM Modi, during a campaign speech in Telangana, accused Congress of being bribed by Ambani and Adani, implying illicit money transfers to the party.

Source : PTI

A petition has been filed in a Delhi court seeking to restrain Prime Minister Narendra Modi and Rahul Gandhi for making false, fabricated and misleading speeches and levelling allegations againt Adani group. The petitioner who claims to be a social worker, farmer and an investor in stock market has filed a suit in Delhi court seeking to restrain PM Narendra Modi and Rahul Gandhi from making any defamtory remarks against the Adani Group.

The petitioner has cited speeches by Congress leader Rahul Gandhi and PM Modi in election rallies and sought permanent injunction to prevent Gandhi and PM Modi from making unsubstantiated statements that could harm the Adani Group's market value and investor interests.

The petitioner has cited PM Modi's statements in a rally at Karimnagar, Telangana where he allegedly criticised Mukesh Ambani and Gautam Ambani and Said that the Congressmen had stopped taking the name of Ambani-Adani because they might have bribed by Ambani-Adani and he further alleged that the cash money was transferred to Congress in Tempo. 

"That such false, fabricated and misleading speech delivered and propagated by the Defendant No. 1 (Rahul Gandhi) while twisting about the loan write off and the allegations leveled by the defendant No. 2 (PM Modi) without any basis and justification against the Industrialists has the potential to cause confusion among the general investors who invests in Indian Stock Market and the Plaintiff resulting in the high unanticipated volatility in the stock prices of the companies of these industrialists are causing huge losses to the investors and traders which also includes the plaintiff." the plea read.

The petitioner has also accused Rahul Gandhi of making misleading and false statement regarding alleged waving of loan by the Central Government to the tune of Rs.15 or 16 lacs crore of few Industrialists including Gautam Adani who is the promoter of Adani Group of Companies.

The petitioner says that this speech by Gandhi was grossly misleading and delivered to create confusion in the minds of readers/viewers so that the image of the Adani Group of Companies could be downgraded in the eyes of general public and investors.

"That such negative campaign against industrialists causes unanticipated high volatility in the stock market causing huge loss to the investors including the plaintiff as he himself is an investor and share holder in few listed companies of Adani Group."

He cited Gandhi's speech March 3 speech at Madhya Pradesh in the petition: "Get the list of farmers you will see 73 % of the farmers belongs to Dalit, Tribals and Backward groups out of which few would be the General Caste poor people, now BJP government in the last 10 years have waived 16 Lacs Crore rupees of 2 biggest billionaires. Do you understand how much is the 16 Lacs crores? Because it is such a huge number that you will say what it is, guess, I will tell to run MNREGA in an year it takes 65,000 crore so did you understand 16 Lacs crore means the cost of NREGA for 20 years right. Now Narendra Modi has given 16 Lacs Crore while waving their loans means these industrialists had taken loan from Government Banks, those money comes from GST from the pockets of you people. When you go to buy a Jacket you pay 18 % GST, if Adani will buy the same jacket he too would pay 18% so whose money is this ?...How much of farmenrs loan they have waived? Not even one, I am saying just one thing brother if you can waive their 16 Lacs Crore then you can also waive here 1 Lakh Crore then what is the big mistake in that?..."

PM Modi, during a campaign speech in Telangana, accused Congress of being bribed by Ambani and Adani, implying illicit money transfers to the party.

The Suit seeks a permanent injunction to prevent Gandhi and Modi from making unsubstantiated statements that could harm the Adani Group's market value and investor interests.

"That such kinds of false, fabricated and misleading speeches have a negative impact not only on the general public but the image of the nation gets damaged in the eyes of the world. This can have negative repercussions for the nation like foreign investment getting affected which is detrimental to the financial health of the country. That the large number of the investors and shareholders including the plaintiffs needs the protection from the Hon’ble court from unanticipated volatility in the stock market because of the negative campaign of the individuals having vested interest against the Promoter of the Adani Group of Companies Sh. Gautam Adani." the suit read.