The complainant, Deepak Kothari, claims that the couple took money under the pretext of expanding their business but used it for personal expenditure instead.
Badale's lawyer Adam Speker said Kundra had to forfeit his 11.7% stake after being found guilty in 2015 of betting on IPL games which led to their team being suspended for 2 years.
In a statement, Kundra said the entire episode was a 'witch hunt' & he has been declared guilty by the media. Last week, the Supreme Court had granted him protection from arrest.
The apex court issued notice to Maharashtra govt on an appeal filed by Kundra against a Bombay HC order rejecting his anticipatory bail and sought the govt's reply within four weeks.
Chief Metropolitan Magistrate SB Bhajipale Monday had allowed Kundra's bail application on furnishing a bond of Rs 50,000. He was lodged in Arthur Road Jail under judicial custody.
According to a charge sheet filed against Kundra, Shetty told Mumbai police she did not know about the apps allegedly used by her husband for uploading and streaming obscene content.
While rejecting contentions made by Kundra and his associate Ryan Thorpe, the HC Saturday said the remand to custody is within conformity of law & doesn't require interference.
Mumbai Police in the court argued that Kundra was not cooperating with the probe in the case filed in February and had destroyed evidence, a claim refuted by his lawyer.
Justice Gautam Patel said articles referred to by Shilpa Shetty in her suit don't seem to be defamatory and noted that blanket gag order will have a chilling effect on press freedom.
Japan’s technological sophistication align with India’s growing blue-water reach and central geographic position. Together, they can act as a counterweight to the Chinese navy.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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