what could be the biggest legal battle between a company and its auditor, Reliance Capital is all set to file a Rs 10,000-crore defamation suit against its erstwhile auditor, Price Waterhouse & Co (PwC), 
Separately, some shareholders of the Reliance Group companies are also expected to file a class action suit against PwC for eroding value of their investment. 
The decision to take legal action comes after the company received a clean chit from two law firms, a senior counsel and its current auditor, against allegations levelled by PwC. "The board met on Thursday and it was decided that legal action must be taken against the auditor. A separate class action lawsuit against PwC would also be taken as shareholders had approached the company regarding this,"