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.
In May 1974, RSS chief Madhukar Dattatraya Deoras spoke at a lecture series in Pune about caste-based discrimination and social equality within the Hindu fold.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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