Overview
- A bench of Chief Justice Shree Chandrashekhar and Justice Gautam A Ankhad directed the couple to serve their petitions on complainant Deepak Kothari and set the next hearing for November 20.
- The FIR by the Mumbai Police Economic Offences Wing alleges about Rs 60.4 crore credited to Best Deal TV’s HDFC Bank accounts between 2015 and 2023 was used for personal benefit.
- EOW officials say a preliminary probe indicates diversion through related companies, with a third-party forensic audit planned to trace the funds.
- Earlier court interactions featured a Look-Out Circular, an oral query on whether Shilpa Shetty could become an approver, and an oral suggestion to deposit Rs 60 crore before any travel request.
- In their writs, the couple argue the dispute is civil and stems from a failed venture, while Raj Kundra told investigators the money was converted from a loan to equity and about Rs 20 crore went to promotions.