Actor Shilpa Shetty and her husband Raj Kundra have filed petitions before the Bombay High Court seeking to quash a Rs.60 crore cheating case registered by the Economic Offences Wing of Mumbai Police, alleging wrongful implication and misuse of law.
Actor Shilpa Shetty and her husband, businessman Raj Kundra, have approached the Bombay High Court with petitions aimed at quashing a cheating case worth Rs 60 crore lodged against them by the Economic Offences Wing of the Mumbai Police.
In addition to seeking the dismissal of the FIR, the couple has asked the court to prevent the police from filing a chargesheet in the case and from taking any coercive actions against them until their petitions are fully heard and decided.
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Their petitions were scheduled for a hearing before a division bench led by Chief Justice Shree Chandrashekar and Justice Gautam Ankhad.
After reviewing preliminary submissions, the bench instructed the petitioners to provide a copy of their pleas to the original complainant, Deepak Kothari, and postponed the matter to November 20 for further proceedings.
Kothari’s complaint alleges that between 2015 and 2023, Shilpa Shetty and Raj Kundra persuaded him to invest Rs 60 crore in their company, Best Deal TV Pvt Ltd, with promises of substantial returns.
However, he claims that the invested funds were redirected for their personal use instead of being utilized for the company’s operations.
In their petitions to quash the FIR, the couple argues that it is based on a “false and distorted set of facts” and has been “maliciously filed with an ulterior and malafide motive to extort money.”
Shilpa Shetty, in her separate submission, asserts that she was not involved in the daily operations of Best Deal TV Pvt Ltd and had only a limited association with the company.
They contend that the dispute is fundamentally civil and contractual, arising from a failed business venture and subsequent investment losses.
The petitions submitted,
“The collapse of the company was due to unforeseen economic circumstances, particularly demonetisation in November 2016, which severely impacted cash-based business,”
The couple further argues that the losses incurred were typical business losses and not indicative of any fraudulent intent or criminal conspiracy on their part.
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