Bombay High Court directs Shilpa Shetty and husband Raj Kundra to deposit Rs 60 crore to have Lookout Circular lifted - Reports

Shilpa Shetty and Raj Kundra must deposit Rs 60 crore or provide a bank guarantee to lift the Lookout Circular. The couple seeks to travel to London to attend to Kundra's ailing father, who is reportedly suffering from a severe medical condition. They are contesting a cheating case filed by a complainant alleging a Rs 60 crore investment was misused.
The Bombay High Court on Thursday directed Bollywood actor Shilpa Shetty and her businessman husband, Raj Kundra, to deposit a sum of Rs 60 crore or furnish a continuous bank guarantee from a nationalised bank if they wish to have the Lookout Circular (LOC) against them lifted.
Why Silpa and Raj want to go to the UK
The couple, who are in court over a cheating case lodged by the Mumbai police's economic offences wing, sought suspension of the LOC to travel to London to visit Kundra’s ailing father. As per a report on News18, the plea stated that he has been diagnosed with a chronic and unexplained iron-ammonia deficiency, resulting in severe complications, blood loss, and worsening breathlessness. He has reportedly been advised to undergo a repeat capsule endoscopy or double-balloon enteroscopy. The couple sought permission to travel before January 20, 2026, citing medical urgency, and further alleging that Kundra's father has been experiencing breathlessness and that his condition is deteriorating.
shilpa and Raj Kundra lawyer calls ₹60 crore fraud case 'purely civil,' denies criminal intent
Court asks couple to pay full amount
As per the report, Senior Advocate Abad Ponda, representing Shetty and Kundra, argued against depositing the full amount and suggested offering surety or a reasonable alternative. He stressed that the trip was necessary solely for medical reasons. However, the bench reportedly declined the request and maintained that the full amount was mandatory if the LOC was to be lifted.
Raj and Shilpa seek to quash case
Last month, the couple sought to quash the Rs 60-crore cheating case and also urged the court to direct the police not to file a chargesheet and not to take any coercive action against before the hearing. The complainant, Deepak Kothari, lodged the complaint against the couple, alleging that from 2015 to 2023, they induced him to invest Rs 60 crore in their company, Best Deal TV Pvt Ltd, but the amount was used for their own personal benefits. The couple in their pleas claimed the FIR was lodged based on a false and distorted set of facts, and it has been "maliciously filed with an ulterior and malafide motive to extort money". At the time, they insisted that the losses suffered were merely business losses and not due to any fraudulent design or criminal conspiracy. Disclaimer: The information in this report is based on a legal hearing as reported by a third-party source. The details provided represent allegations made by the parties involved and are not proven facts. The case is ongoing, and a final verdict has not been reached. The publication does not claim that the allegations are true.
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