Lawstreet Journal

Algo Legal Files ₹1 Crore Defamation Suit Against Sequoia, Media Portals

Lawstreet Journal 8 Jun 2022 6:55pm

Image courtesy: Lawstreet Journal Business Algo Legal Files ₹1 Crore Defamation Suit Against Sequoia, Media Portals

Algo Legal has filed ₹1 crore defamation suit against Sequoia Capital and various media outlets and journalists. Algo Legal and its founder Sandeep Kapoor have claimed that the publication of false news items resulted in the exit of three partners and several lawyers of the firm.

Algo Legal and Kapoor have demanded damages worth Rs. 1 crore, claiming that an offence under Section 500 (Defamation) of the Indian Penal Code, 1860 has been established.

The plaint filed before a Bengaluru court states that,

"The effect of the per-se defamatory content published by the Defendants can be seen from the fact that three partners of the Plaintiff No 2 have quit/resigned the firm within hours from the publications being surfaced. This further demonstrates that even the partners/employees of the Plaintiff No 2 have lost faith because of the false, incorrect narrative..."

Algo Legal partners Abhinav Bhalaik, Ankit Guha, Armaan Patkar, and Neha Madan, as well as their teams, have left the firm.

The exodus was reportedly prompted by reports in numerous media publications that Sequoia Capital had sent a letter to a select group of its portfolio companies informing them that it had stopped working with Algo Legal and its founder Sandeep Kapoor, who was Sequoia's former General Counsel. It went on to state,

"...termination of the Plaintiff's services had occurred on 31.01.2022, however the same was not published by the Defendants until June 2022. There is no explanation as to why the same was not published for six months… Continue Reading...

Tagged: Law firm   Sequoia   Algo Legal   Indian Penal Code   1860   Section 500   Khaitan & Co   FEMA   Enforcement Directorate  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
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