Preity Zinta drags Ipl team co owner Mohit to court

Preity Zinta lock horns with Mohit Burman Over Punjab Kings Ownership

Preity Zinta enters the legal battle against Mohit Burman getting him banned from selling big stake outside.

Just ahead of the Indian Premier League (IPL) mega auction, a dramatic legal battle has erupted involving Bollywood actress and Punjab Kings co-owner Preity Zinta. In a move that has surprised many, Zinta has filed a petition in the Chandigarh District Court against fellow co-owner Mohit Burman, aiming to stop him from selling a portion of his shares in the franchise. This legal tussle adds an unexpected twist to the already intense world of IPL team management.

The heart of this legal drama lies in the ownership structure of K.P.H. Dream Cricket Private Limited, the entity that owns Punjab Kings. Mohit Burman, a prominent businessman, holds the largest stake in the company with 48%. Preity Zinta and industrialist Ness Wadia, both well-known figures in their own right, each control 23% of the shares. The remaining ssharesof 6% are held by Karan Paul, another co-owner.

Preity Zinta’s petition, filed under the Arbitration and Conciliation Act of 1996, argues that Burman’s attempt to sell 11.5% of his shares to an external party violates the shareholder agreement. According to the agreement, if any shareholder wishes to sell their stake, they must first offer it to the other existing shareholders. Only if they decline can the shares be sold to an ooutsider.Preity Zinta contends that this critical step has been ignored, leading her to seek a court order to block the sale.

For Preity, this isn’t just a matter of legal procedure; it’s about protecting her investment and the future of the Punjab Kings franchise, which she has passionately supported since its inception.

Adding another layer to this legal battle is the personal history between Preity Zinta and Ness Wadia. The two were once romantically involved, and their relationship has often added complexity to their business dealings. Despite their personal ups and downs, Preity and Ness Wadia have managed to work together as co-owners of Punjab Kings. However, this latest dispute with Mohit Burman indicates that tensions may be running high behind the scenes.

Mohit Burman, for his part, has not publicly commented on the legal action. While he has previously denied any intention of selling his shares, the silence from his side as the court date approaches only adds to the intrigue. The hearing, set for August 20th, will determine whether Preity Zinta’s plea to block the sale will be upheld.

The timing of this dispute is particularly significant given the proximity to the IPL mega auction. The auction is a crucial event where teams make strategic decisions about player acquisitions, squad restructuring, and overall planning for the upcoming season. Any instability in ownership could have a ripple effect, potentially disrupting the team’s preparations.

For Preity Zinta, this legal action underscores her deep commitment to Punjab Kings. She has been more than just a figurehead; she has been actively involved in the team’s operations and has invested both emotionally and financially in the franchise. Her decision to take legal action against a fellow co-owner highlights the seriousness with which she approaches her role and her determination to ensure that the team’s interests are protected.

As the court date draws near, the outcome of this legal battle remains uncertain. Will the court side with Zinta and prevent Burman from selling his shares, or will Burman be allowed to proceed? The decision could have far-reaching consequences for the Punjab Kings, both in terms of ownership structure and team strategy.

Regardless of the outcome, this case has already captured the attention of cricket fans and industry insiders alike. It serves as a reminder that the world of IPL is not just about thrilling matches on the field but also about the complex business dynamics and personal relationships that influence the game off the field.

Stay tuned to Bollywood Pollywood Lifez for more updates.

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