Times Group Sends Legal Notice to Housing; Seeks 100 Crores In Damages

The Times group has sent legal notice to Housing.com CEO’s email , over his email to employees (where he has alleged that Times Group is trying malign Housing to promote MagicBricks). The email quoted that MagicBricks was attempting to raise more funds.
The entire episode was tailored over a public spat earlier between Rahul Yadav and Sequoia Capital India’s managing director Shailendra Singh over a simmering issue alleging the Times Group involvement in real estate interests through MagicBricks to defame Housing.com.

Housing Internal Email (Price: 100 Crores)
Housing Internal Email (Price: 100 Crores)
The Times Group files the defamation case after the issue was reported by few media outlet (incuding Times-owned ET). The notice asks Housing.com CEO Rahul Yadav and its directors to issue an unconditional apology, and also seeks Rs 100 crore ($16 million) in damages [source].
NextBigWhat Asks: This was an internal email – so why this kolaveri? What’s your take?
What’s your take?

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