Shilpa Shetty Approaches Bombay High Court to Restrain Media Houses from Publishing Defamatory Content

NEW DELHI: Actor Shilpa Shetty is now seeking help from the Bombay High Court to restrain various media organizations from publishing false and defamatory content against the actor.

This comes after the case against her husband Raj Kundra, who was arrested by the Police on July 19 in connection with the alleged creation of producing and distributing pornographic material.

According to a report in Indian Express, Shetty is also seeking a sum of approximately Rs 25 crores as damages in the defamation suit, which claims that the respondents are damaging her reputation.

In her application, Shetty also alleges that certain media organizations have caused "irreparable harm" by sensationalizing news around the case, with the aim of increasing readership and viewership.

She has also requested the court to direct the media organizations to remove any defamatory content from their platforms and also issue an unconditional apology for the same.

Shetty also sought an injunction against further publication of 'completely false, erroneous, derogatory and defamatory information.

Meanwhile, the bad news continues unabated for embattled Raj Kundra and his actress wife Shilpa Shetty. Market regulator SEBI imposed a penalty of Rs 3 lakh on the couple and their company Viaan Industries for contravening insider trading rules.

Kundra, Shilpa Shetty and Viaan have been fined for a three-year delay in the disclosure of an allotment of preferential shares. In 2015, Viaan Industries had made a preferential allotment of 500,000 equity shares. Of these 128,800 equity shares, each was allotted to Kundra (referred to as Ripu Sudan Kundra) and Shetty, the promoters of the company.

According to SEBI's Prohibition of Insider Trading Rules, 2015, the promoters had to disclose this transaction to the company within two days if it exceeded Rs 10 lakh in value. The company, in turn, has to relay this disclosure to the stock exchanges within two trading days.

In this case, SEBI said the value of the transaction was Rs 2.57 crore each and the disclosures pertaining to the 2015 transaction were made only in 2019. In reply to a notice from the regulator, Shetty and Kundra acknowledged the mistake and said it was not done with malafide intent.

Also Read: Bollywood actress Shilpa Shetty's most scandalous controversies

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