Bollywood actress and Punjab Kings co-owner Preity Zinta has initiated authorized proceedings in opposition to her fellow co-directors Mohit Burman and Ness Wadia. The dispute facilities across the legitimacy of an Extraordinary Basic 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 swimsuit in a Chandigarh courtroom looking for to declare the April 21 EGM unlawful and invalid. She alleges that the assembly was convened and performed in violation of the Corporations Act, 2013, and secretarial requirements. In line with her petition, the assembly didn’t comply with the right procedures required underneath firm regulation and related secretarial laws.
The controversy escalated when Zinta raised objections to the assembly through an e-mail dated April 10, which she claims have 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 in the course of 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 cut 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 tasks. She has additionally requested an injunction to cease the corporate from implementing any choices made in the course of the disputed assembly. Moreover, the swimsuit 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 might be offered.
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Punjab Kings reaches IPL playoffs for the primary time since 2014
Regardless of the authorized turmoil off the sphere, Punjab Kings have been having fun with a profitable IPL 2025 marketing campaign. Beneath the captaincy of Shreyas Iyer, the crew 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 in opposition to Delhi Capitals and Mumbai Indians.
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