In a big growth, Bollywood actress and co-owner of Indian Premier League (IPL) franchise Punjab Kings, Preity Zinta, has approached the Chandigarh Excessive Courtroom to stop the co-owner of the group and businessman Mohit Burman from promoting a portion of his shares to a 3rd get together. In accordance with reviews, Zinta has petitioned the court docket to cease Burman from disposing off his 11.5% stake within the firm, citing a breach of her pre-emption rights beneath the corporate’s settlement. The court docket has issued notices to the respondents, together with Burman, and has listed the case for listening to on August 20, 2024.
Preity Zinta seeks court docket intervention to dam share sale of her IPL group Punjab Kings
In accordance with the information report in Tribune, it was said that, “Preity Zinta mentioned Burman holds roughly 48 per cent of the shareholding and can also be on the board of administrators. She has filed the petition beneath Part 9 of the Arbitration and Conciliation Act-1996 looking for interim measures and course in view of the disputes and variations between her and respondent Mohit Burman.”
Zinta, who owns 23% of the franchise, has alleged that Burman has threatened to promote his stake to a 3rd get together, prompting her to hunt pressing interim safety. The event comes amid reviews of a rift between Zinta and Burman, with the actress claiming that Burman has acted in unhealthy religion and disregarded her rights as a co-owner. The Punjab Kings administration has not formally commented on the problem. In the meantime, Burman addressed the matter to Cricbuzz, confirming of their reviews, “I haven’t got any plans to promote my shares.”
Whereas the case highlights the inner energy struggles throughout the franchise, the court docket’s resolution is eagerly awaited, as it might have important implications for the possession construction and administration of the Punjab Kings. For the unversed, other than her and Mohit Burman, the actress’ former fiancé Ness Wadia too is the co-owner of the IPL group.
Additionally Learn: Preity Zinta breaks silence on justice for Kolkata rape case: “It’s time girls’s security is prioritized by the federal government”
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