The Chandigarh court has issued arrest warrants against Preity Zinta, Ness Wadia and fellow industrialist Mohit Burman. They are the owners of the IPL team Kings XI Punjab, and had failed to file their balance sheets and annual returns in context of the IPL season.
Chief Judicial Magistrate J.S. Sidhu issued the warrants after the three owners failed to appear before the court in a case against them.
The Registrar of Companies (ROC) office has filed the case against the Kings XI Punjab owners in April, accusing them of not submitting their balance sheet and returns.
However, Zinta denied any warrant being issued. “No summons had been served on me by the CJM Chandigarh with regards to appearing in any court case against me today. I have since learnt that no arrest warrants have been issued in my name. My legal team is looking further into the matter,” she said.
One of the co-owners, Karan Paul counsel appeared before the court, and he has been issued that date of 4th October to be present in the court for further hearing.
KPH Dreams, the company which owns the KingsXI Punjab had failed to disclose their financial status after the IPL, by not filing their returns and balance sheets. Zinta, Wadia and Burman, were provided the date of 24th of July to appear before court after their last hearing in April, but they failed to do so.