The Hyderabad courtroom’s order got here in response to a petition filed by Satyam Laptop Providers founder B Ramalinga Raju
Earlier, a decrease courtroom in Bihar had stayed the discharge of the online sequence, in response to a petition filed by Sahara India Parivaar chief Subrata Roy
Ramalinga Raju, Subrata Roy, Vijay Mallya and Nirav Modi are the 4 Indian enterprise tycoons whose tales have been portrayed within the net sequence
A neighborhood Hyderabad courtroom has stayed the discharge of streaming large Netflix’s upcoming docuseries ‘Bad Boy Billionaires’, saying that its launch may trigger “irreparable loss” to Satyam Laptop Providers founder B Ramalinga Raju.
The docuseries particulars the journey of a few of India’s controversial enterprise tycoons. Its description on Netflix says, “This investigative docuseries explores the greed, fraud and corruption that built up — and ultimately brought down — India’s most infamous tycoons.”
Raju’s petition within the courtroom stated that the depiction within the trailer of the sequence was with none correct foundation, extra so because the circumstances “in relation to issues highlighted in the trailer are pending adjudication before the competent courts of law.”
Earlier a decrease courtroom in Bihar’s Araria had restrained Netflix from releasing the sequence by noting that the petitioner’s (Roy) alleged circumstances of economic fraud are sub judice, and he would endure a lack of fame within the eyes of the general public if the sequence is permitted to be broadcast.
Sahara India Parivaar chief Subrata Roy, Satyam Computer systems founder Byrraju Ramalinga Raju, liquor baron Vijay Mallya and diamond service provider Nirav Modi are the 4 businessmen whose tales have been advised within the Netflix docuseries.
One other native courtroom in Bihar’s Araria district earlier granted a keep on the discharge of the sequence, in response to a petition filed by Subrata Roy.
Earlier this week, the Supreme Court docket refused to entertain a writ filed by Netflix in search of trip of keep and requested it to strategy the Patna excessive courtroom.
Now, Netflix is planning to switch each the injunctions, by Bihar and Hyderabad native courts, to the Bombay excessive courtroom the place the corporate’s India workplace is situated. Whereas each Roy and Ramalinga Raju have been in a position to get injunctions on the discharge of the docuseries, Mallya and Modi, the opposite two named within the sequence gained’t have the opportunity to take action.
Part 14 of the Fugitive Financial Offenders (FEO) Act says that any particular person or firm, who has been declared fugitive financial offender, could also be disallowed from placing ahead or defending any civil declare by any courtroom or tribunal in India.
All 4 enterprise tycoons whose tales have been portrayed within the Netflix docuseries have been convicted for numerous circumstances regarding monetary fraud and comparable offences.
Netflix declined to touch upon the motion taken by the courts when approached by Inc42.
