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The Delhi High Court has restrained Subramanian Swamy and web portal, PGurus from publishing or disseminating or uploading any false, offending and defamatory allegations against Indiabulls Housing Finance Ltd till the next date of hearing.
The Court has also directed PGurus, Twitter, Facebook, Instagram and WhatsApp to remove/take down and/or expunge all the “offending false messages” pertaining to Indiabulls from their portal.
The interim order was passed by a Single Judge Bench of Justice Mukta Gupta in a plea by Indiabulls seeking to restrain PGurus and Subramanian Swamy from publishing defamatory content against it.
Indiabulls stated that two cartoonists, who were also arrayed as the defendants, were publishing articles/cartoons on various platforms including PGurus and Twitter which circulated false, incorrect and motivated information about Indiabulls. As a result of this circulation, Indiabulls was witnessing a drastic decline in its shares, it was stated.
Indiabulls further submitted that Subramanian Swamy also made certain false and defamatory statements against the company and this information was disseminated by the two artists and the CEO of PGurus through social media including the web portal PGurus.
It was also stated that Swamy gave an interview to News World on August 31, maligning the reputation of Indiabulls.
After hearing Indiabulls, the Court observed that a prima facie case had been made out in favour of Indiabulls and if no ad-interim injunction is granted, Indiabulls would suffer irreparable loss.
It thus restrained Swamy and PGurus from publishing or disseminating or uploading any false, offending and defamatory allegations against Indiabulls on any social media platform till the next date of hearing.
The Court further directed PGurus and social media platforms i.e. Twitter, Facebook, Instagram and WhatsApp to remove/ take down and/or expunge all the offending content pertaining to Indiabulls from their portal.
The offending material pertained to allegations of the “biggest scam” involving Indiabulls, NSE and certain prominent political leaders. The allegations claimed money laundering to the extent of Rs. One Lakh crore. Swamy had also demanded an SIT probe into the scam.
The matter would be heard next on December 17.
Indiabulls was represented by Senior Advocate Rajiv Nayar and Advocates Rishi Agarwala, Karan Luthra, Ankit Banati.