VLS Finance issues legal notice to Ashok Kumar Chandel MP
By Our Banking Bureau | 02 Jun 2003
New Delhi: VLS Finance, a Delhi-based non-banking finance company, has sent a legal notice, through its counsel Mohit Mathur of the Chambers of Law, to Ashok Kumar Singh Chandel, member of parliament, for having made certain "farfetched and false statements against VLS that were devoid of any truth."
Chandel had used "innuendoes and defamatory language" against VLS in his statements, which were "misleading and suppressing the true facts." Before making his statement to the press, Chandel never tried to find out the factual position from the company, says a press communiqué.
It is the deliberate intention of Chandel to damage the reputation and market standing of VLS, it alleges. "These acts of Chandel have cast aspersions on the integrity, accountability and character of VLS and its constituents. They seem to be made with a definite intent and purpose that is vindictive and vested in nature. They are also subject to extraneous influence and motivation."
VLS has claimed damages of Rs25 crore and also proposes to initiate appropriate action under both civil as well as criminal law.
