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.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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