The formal process to withdraw the suits will be taken up in the court when it resumes after the summer vacation.
Reliance Group said Gandhi, in a "cavalier fashion, has continued his campaign of calumny, disinformation, distortion and malicious lies".
While own equal stakes in the asset management firm, shares of Reliance Nippon surged 20 per cent post the announcement on Thursday.
While the legal course will be independent to protect stakeholders, the company made the announcement a day after it said a few NBFCs have pledged of the company's listed shares.
Creditors sold Rs 5.5 billion worth shares in Reliance Power Ltd., Reliance Infrastructure Ltd., Reliance Communications Ltd. and Reliance Capital Ltd.
In a statement, Reliance said that Anshul has joined Reliance Infrastructure after completing his undergraduation in management from NYU Stern School of Business.
Dassault Aviation reiterated that it had freely chosen to partner with India’s Reliance Group to fulfill its offset requirements as part of the deal.
At a public meeting in Bikaner, Gandhi targeted Modi over corruption in the deal signed with France for the fighter aircraft, repeating the charge that Reliance group benefited from from the contract.
The civil defamation suit was filed by Reliance Defence, Reliance Infrastructure and Reliance Aerostructure against the Associated Journals Limited, the publisher of the National Herald.
The Congress leaders said they will not be scared or silenced by notices sent by the group, which have been sent to several spokespersons and other leaders of the party.
The selection of Jio Institute - whose existence cannot be found even through a Google search - however, has triggered a collective murmur.