Saturday, July 12, 2025
spot_img

Kings XI duped of Rs 14 crore

Date:

Share post:

spot_imgspot_img

New Delhi: KPH Dream Cricket Pvt Ltd, the owners and promoter of the IPL franchise Kings XI Punjab, has filed a criminal complaint against its title sponsor, NVD Solar Ltd and its officials, for “cheating and duping” them of around Rs 14 crore which they were supposed to pay it as per a contract.
KXIP has also issued a legal notice to the company, one of India’s leading solar equipment makers, for bouncing four cheques of Rs 25 lakh each by NVD India to KPH.
Kings XI Punjab’s co-owner and noted industrialist Ness Wadia told PTI that they have been left with no other option but to take a legal recourse against NVD Solar Ltd and its Managing Director Saibal Hazra.
Hazra told PTI that the deal was struck with their Bangladeshi entity and the Indian company had nothing to do with the case.
“It is an agreement between NVD Solar International Bangladesh and Kings XI Punjab, so this is not a deal with the Indian company.” (PTI)

spot_imgspot_img

Related articles

The Politics of Pavement: Illegal Vending Hurts Us All

Not Rich vs Poor - Just Lawful vs Unlawful By Risador M Makri Much of the current debate around the...

DRDO and IAF successfully test Astra BVRAAM with indigenous radio frequency seeker from Su-30 Mk-I

New Delhi, July 11: In a significant boost to India's self-reliance in defence technology, the Defence Research and...

Mayank Yadav’s rehab likely to start in coming weeks after undergoing surgery in Christchurch

New Delhi, July 11: Tearaway fast bowler Mayank Yadav is likely to begin his long rehab in the...

Pakistan: 98 killed, 185 injured as monsoon rains wreak havoc

Islamabad, July 11: Torrential monsoon rains and flash floods have claimed at least 98 lives and left 185...