Actor Shilpa Shetty Kundra and her husband, businessman Raj Kundra, on Monday (November 10, 2025), approached the Bombay High Court seeking to quash a First Information Report (FIR) registered against them in connection with an alleged ₹60 crore cheating case.
The FIR was filed in September this year at the Juhu Police Station by businessman Deepak R. Kothari, who claimed he was defrauded of ₹60 crore through investments made in two companies — Gold Gate Trading Private Limited, and Best Deal TV Private Limited.
At the centre of the dispute are Best Deal TV, a home shopping television channel co-founded by the couple in 2015, and Gold Gate Trading, another of their business ventures. Between 2015 and 2023, the couple induced him to invest ₹60 crore in Best Deal TV, but the funds were diverted for their personal benefit, Mr. Kothari has alleged.
The FIR invokes Sections 403 (dishonest misappropriation of property), 506 (criminal intimidation), and 34 (common intention) of the Indian Penal Code, 1860. In their respective petitions, filed under Articles 226 and 227 of the Constitution of India, and Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023, the Kundras have argued that the FIR is a gross misuse of criminal law to settle what is essentially a civil and contractual dispute arising from a failed business venture.
