Nusli Wadia filed case after he was voted out of the boards of some Tata Group companies in 2016.
Bombay Dyeing Chairman Nusli Wadia on Monday withdrew all defamation cases including the Rs 3000 crore suit for damages against Tata group Chairman Emeritus Ratan Tata and others.
A bench headed by Chief Justice S A Bobde allowed Wadia to withdraw the petition in the top court after the court recorded that Ratan Tata and others had no intention to defame him (Wadia).
"In view of the statement made by Tata that there was no intention to defame Wadia, which is in accordance with the finding of the high court, the petitioner is hereby allowed to withdraw the present petition as well as the pending suit for damages," the bench said.
The top court told senior advocate C A Sundaram, appearing for Mr Wadia, that court appreciates his client for the response.
The top court had on January 6 asked Nusli Wadia and Ratan Tata to sit together and resolve their differences in the defamation case. Mr Wadia had filed a criminal defamation case against Ratan Tata and other directors of Tata Sons in 2016 after he was voted out of the boards of some Tata Group companies.