Warrants against Kings-XI Punjab owners on IPL taxes, Preity denies

A Chandigarh district court on Saturday issued bailable warrants against Preity Zinta and industrialist Ness Wadia, co-owners of IPL franchise Punjab Kings-XI, who are accused by the Registrar of Companies (ROC) of not filing annual returns.

The two, along with another industrialist Mohit Burman, have been asked to appear before the court by October 4.

Chief Judicial Magistrate JS Sidhu issued the warrants after hearing a complaint filed by the ROC, but did not include the fourth owner Karan Paul as his counsel turned up. The ROC alleges that Kings-XI, incorporated in March 2008, should have filed returns within 60 days of its AGM in September 2009.

Reacting to the news, Preity Zinta claimed on her Twitter account that no summons had been served to her by the Chandigarh court.

“I have since learnt that no arrest warrant have been issued in my name. My legal team is looking further into the matter,” the actress posted on her Twitter account.

However, another co-owner and industrialist Karan Paul’s counsel appeared before the court and submitted that he would appear in person on the next date of hearing.

The court later adjourned the case till October 4. The court had in April issued notice to the four co-owners of KXIP and fixed July 24 as the next date of hearing.

The prosecution submitted that the co-owners of the company had tried to conceal the financial position of KPH Dreams, which owns KXIP, from the public by not filing the balance sheets and annual returns.

In our complaint, “we had submitted that the Mohali franchise had not filed any annual return and balance sheet since it came into existence,” Gaurav Hooda, counsel for the ROC, said.


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