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It was alleged that Viceroy Research Group made false and malicious statements in an article published on its website to defame them.

The article titled “Ebix-Goodwill Hunting: The alchemy of creating profits” made several allegations of illegal and unlawful transactions against the plaintiff. After listing the “many red flags” raised with respect to the business of the plaintiff, the Court concluded that at least two statements made by the defendants were blatantly false.

The two statements pertained to the alleged investigation being conducted by the Security Exchange Commission and Internal Revenue Service of the USA against Ebixcash. The Court also opined that the allegation of round tripping cash from India to Mauritius was prima facie false, disparaging and malafide.

Meanwhile, an injunction order was passed restraining Google, Twitter and all such platforms from hosting the article.
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