Preity Zinta, co-owner of the Indian Premier League (IPL) franchise Punjab Kings (formerly Kings XI Punjab), has initiated legal proceedings against her fellow co-directors Mohit Burman and Ness Wadia. The core of the dispute is the legality of an Extraordinary General Meeting (EGM) held on April 21, 2025, by KPH Dream Cricket Private Limited, the company that owns the Punjab Kings franchise.
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Nature of the Dispute
- Zinta alleges that the meeting was held without adhering to the proper procedures mandated by the Companies Act, 2013, and other secretarial rules.
- She claims to have objected to the meeting in an email on April 10, but her objections were ignored. Despite this, the meeting was conducted by Mohit Burman with the support of Ness Wadia.
Key Issues Raised by Priety Zinta
- Appointed of Muneesh Khanna: One of Zinta’s main concerns is the appointment of Muneesh Khanna as a director during the disputed EGM, a move she and fellow director Karan Paul opposed.
- Validity of the EGM: Zinta has asked the court to declare the EGM invalid and to prevent Khanna from acting as a director or the company from implementing any decisions made during the meeting.
- Future Meetings: She has requested an injunction to stop the company from holding further board or general meetings without the presence of both herself and Karan Paul, and without the involvement of Muneesh Khanna, until the case is resolved.
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Current Status
- The case is pending in the Chandigarh court, and Zinta continues to support the Punjab Kings from the stands during the ongoing IPL 2025 season.
- Despite the internal dispute, the team has performed well, qualifying for the playoffs for the first time since 2014.
Summary Table
| Issue | Zinta’s Allegation/Request | Other Directors’ Action |
| EGM Legality | Not conducted as per Companies Act, 2013 | Meeting held on April 21, 2025 |
| Appointment of Muneesh Khanna | Opposed by Zinta and Karan Paul | Appointment proceeded |
| Court Requests | Invalidate EGM, bar Khanna, halt board actions, restrict meetings | Supported by Burman and Wadia |
Conclusion
The legal dispute highlights governance and procedural disagreements within the Punjab Kings ownership group. The outcome will depend on the court’s interpretation of company law and the evidence presented regarding the conduct of the EGM and subsequent decisions.
