Chandigarh, August 03: In a relief to actress Priety Zinta, one of the owners of IPL franchise Kings XI Punjab, the Punjab and Haryana High Court today stayed the order of a lower court issuing bailable arrest warrant against her and two other co-owners for allegedly not filing its balance sheet and annual returns.
The order of the lower court, passed on July 24, was stayed by Justice Nirmaljit Kaur of the High Court till September 22.
The counsel for the petitioners contended that KPH Dreams, which owns Kings XI Punjab, had already initiated the process of moving before the Company Law Board seeking compounding of the offence (settlement of the case).
–Agencies