Overview
- Shilpa Shetty and Raj Kundra asked the court to quash the FIR and to restrain the police from filing a chargesheet or taking coercive action pending the hearing.
- The court directed the couple to serve their petitions on complainant Deepak Kothari, who alleges Rs 60.4 crore was diverted from Best Deal TV.
- The FIR cites a 2015 meeting at a Juhu five-star hotel and claims the money, routed as investment, was used for personal benefit rather than business purposes.
- Media reports citing police sources say the EOW has found preliminary indications of siphoning and plans a third-party forensic audit to trace fund flows.
- The couple argues the dispute is a civil business loss tied to the collapse of Best Deal TV after demonetisation, notes Look Out Circulars have curtailed travel, and points to prior oral court remarks about a possible deposit and approver query.