Court issues notice to Kings XI Punjab

Chandigarh:

A local court on Wednesday issued notice to co-owners of Indian Premier League team Kings XI Punjab, including actress Preity Zinta, on a complaint accusing the franchise of not filing its balance sheets and annual returns.

The notice, returnable by July 23, was issued by Chief Judicial Magistrate J S Sidhu on a complaint filed by Registrar of Companies here.

In the complaint, the ROC alleged that the Mohali franchise has not filed any annual return and balance sheet since it came into existence.

"The company (franchise) which was set up in March 2008 has not been filing its annual returns and balance sheet which is mandatory under the Companies Act," Gaurav Hooda, counsel for the petitioner, said.

He said the notice had been issued to the co-owners, Bollywood actress Preity Zinta and industrialist Ness Wadia besides three others.

The KXIP has been in the thick of controversy recently, with the Central Excise Department here slapping notice on it seeking payment of service tax of Rs 5.38 crore.

Punjab Excise and Taxation Department had last week also issued a notice to the franchise in connection with the outstanding entertainment duty for IPL III. KXIP was not immediately available for comment.