Trouble at PBKS: Co-owner Preity Zinta Files Legal Case Against Co-Directors
A significant controversy has erupted at Punjab Kings (PBKS), an Indian Premier League (IPL) franchise, as co-owner Preity Zinta has filed a legal case against her fellow co-directors, Mohit Burman and Ness Wadia, in a Chandigarh court. According to a report by Firstpost, the case challenges the legality of an Extraordinary General Meeting (EGM) held on 21 April.
The EGM in question was attended by Preity Zinta and fellow director Karan Paul, but Zinta has alleged that the meeting did not follow proper procedures under the Companies Act, 2013, and other secretarial rules. As per Firstpost, citing news agency IANS, Zinta had objected to the meeting on 10 April via email, but her concerns were ignored, with Burman allegedly conducting the meeting with support from Wadia.
The bone of contention appears to be the appointment of Muneesh Khanna as a director, a move opposed by both Zinta and Paul. In her suit, Zinta has sought an order to declare the EGM invalid and restrain Khanna from functioning as a director. She has also requested the court to prevent the company from implementing any decisions made during that meeting. Furthermore, Zinta has asked the court to bar the company from holding further board or general meetings unless both she and Karan Paul are present and Muneesh Khanna is excluded, until the case is resolved.
As reported by Firstpost, citing IANS, the actress and businesswoman has claimed that she and fellow director Karan Paul were present at the meeting, but her concerns were not addressed. The development has significant implications for the IPL franchise, which has been performing well in the ongoing season. Under the captaincy of Shreyas Iyer, PBKS have already qualified for the playoffs, a feat they have not achieved since 2014.
The franchise will now aim to end their drought and win their first IPL trophy, but their progress may be hampered by the ongoing dispute between their co-owners. As per Firstpost, it remains to be seen how this controversy affects the team’s performance in the playoffs.
In a statement, Preity Zinta has made it clear that she is determined to protect her interests in the franchise. The case is set to be heard in the Chandigarh court, and Firstpost will provide further updates as more information becomes available.
The IPL franchise’s management and the Board of Control for Cricket in India (BCCI) will be closely monitoring the situation, as any further developments could have far-reaching implications for the team’s future. For now, fans will be eagerly awaiting the outcome of the case and its potential impact on PBKS’s chances in the ongoing IPL season. According to Firstpost, only time will tell how this controversy unfolds and what it means for the team.
