Tata Fin To File Rejoinder Against Defendants Affidavits

Mumbai, Sept 1: | Updated: Sep 2 2002, 05:30am hrs
Tata Finance Ltd (TFL) is filing a rejoinder before the Bombay High Court early this week, to counter all affidavits filed by the defendants in the civil case filed by TFL against ex-TFL managing director Dilip S Pendse and others.

When contacted, TFL spokesperson said, We wish to say that TFL is issuing a comprehensive rejoinder to the various affidavits filed by the defendants before the honorable Bombay High Court which will expose, the false and unmeritorious nature of many of the plaints made by Mr Pendse and the others.

Prime defendant in the civil suit against 25 individuals and organisations, Mr Pendse had filed his affidavit earlier this month.

When contacted, Mr Pendse had said, I have filed an affidavit in response, giving my side of the story to the courts. It is now upto the courts to decide.

According to legal experts dealing with Mr Pendses case, the affidavit was filed in reply to the civil suit filed by TFL.

Stating that the affidavit covered a number of points, these sources added, the affidavit gives details of all transactions within TFL and the defendants point of view.

The ex-TFL managing director had been the prime accused in the TFL fiasco, wherein the company had accused him of criminal breach of trust, forgery, falsification of accounts and cheating.

TFL has filed a case with the Economic Offences Wing (EOW) of the Mumbai Police in this regard. The EOW report is now going to be challenged by TFL.

Simultaneously, TFL had also filed a civil case against Mr Pendse and others, seeking damages of Rs 424 crore. The case whose hearing was to be on July 29, has been postponed to September 9.