Bombay High Court has dismissed a ₹5 billion (US$75 million) defamation suit filed against Wipro chief Azim Premji by the now defunct Subhiksha Trading Services on the ground that R Subramanian, who was a promoter and the managing director of Subhiksha, did not have proper authorization for the company to file the case against Premji.
Premji, in an interview after Subhiksha suspended business operations, said there were financial malpractices in the company and he rued investing in it.
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