Bollywood actress and Punjab Kings co-owner Preity Zinta has initiated authorized proceedings towards her fellow co-directors Mohit Burman and Ness Wadia. The dispute facilities across the legitimacy of an Extraordinary Normal Assembly (EGM) held on April 21, 2025, by KPH Dream Cricket Personal Restricted, the corporate that owns the Punjab Kings franchise.
Preity Zinta strikes to Chandigarh courtroom
Preity, who holds a 23% stake in KPH Dream Cricket Personal Restricted, has filed a civil go well with in a Chandigarh courtroom looking for to declare the April 21 EGM unlawful and invalid. She alleges that the assembly was convened and carried out in violation of the Corporations Act, 2013, and secretarial requirements. Based on her petition, the assembly didn’t observe the correct procedures required underneath firm legislation and related secretarial laws.
The controversy escalated when Zinta raised objections to the assembly by way of an e mail dated April 10, which she claims had been ignored. Regardless of her dissent and the presence of director Karan Paul, each Zinta and Paul opposed the nomination of Muneesh Khanna as a brand new director through the EGM. However, Burman, with the assist of Wadia, proceeded with the assembly and the appointment of Khanna.
A key level of competition was the appointment of the chairperson for the assembly. Zinta and Paul objected to Ness Wadia being appointed chairperson, citing Precept 5.1 of Secretarial Requirements, which mandates that administrators elect a chairperson amongst themselves if none is pre-designated. The vote for chairperson was break up among the many 4 attending administrators, additional complicating the legality of the assembly proceedings.
In her authorized submitting, Zinta has sought a courtroom declaration to nullify the EGM and stop Muneesh Khanna from assuming directorial obligations. She has additionally requested an injunction to cease the corporate from implementing any selections made through the disputed assembly. Moreover, the go well with seeks to bar the corporate from conducting any additional board or common conferences with out the presence of each Zinta and Paul, and with out Khanna’s involvement, till the case is resolved.
The courtroom has issued notices to the respondents – KPH Dream Cricket Personal Restricted and co-directors Mohit Burman and Ness Wadia – and scheduled the following listening to for Might 27, the place arguments on an interim injunction will probably be introduced.
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Punjab Kings reaches IPL playoffs for the primary time since 2014
Regardless of the authorized turmoil off the sector, Punjab Kings have been having fun with a profitable IPL 2025 marketing campaign. Below the captaincy of Shreyas Iyer, the staff has certified for the playoffs for the primary time since 2014, at present standing third within the factors desk with 17 factors from 12 matches. The franchise and its followers are hopeful of a robust end this season, with upcoming essential matches towards Delhi Capitals and Mumbai Indians.
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