Veritas files suit against Indiabulls claiming $11 million in damages

The two-year old legal fight between Canada-based Veritas Investment Research Corp. and Indiabulls Group has revived, with the former filing a suit in Ontario claiming $11 million from the latter, and the arrest of Nitin Mangal, who co-authored a controversial report by Veritas in 2012 titled Bilking India on three Indiabulls group companies.