Posted On by &filed under Top Law News.

 A court here today issued notice to co-owners of Indian Premier League team Kings XI Punjab, including Bollywood actress Preity Zinta and Ness Wadia, on a suit accusing the Mohali franchise of not filing balance sheets and annual returns.

The notice, returnable by July 24, was also issued to other owners of the franchise Karan Paul and Mohit Barman in connection with not maintaining the balance sheet of KPH Dream Cricket Private Limited, which owns Kings Punjab XI IPL team.

The notice was issued by Chief Judicial Magistrate Jasbir Singh Sidhu after the Registrar of Companies (ROC) for Punjab, Himachal Pradesh and Chandigarh had filed a suit against them under Sections 159 and 220 of the Companies Act 1956 as they had not filed their balance sheets, profit and loss accounts and annual returns.

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