$188 million NY case: Bombay High Court bars Rolta founder from selling his assets
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Summary
The Bombay High Court has barred IT company Rolta India's founder Kamal K Singh from selling or creating any third party rights in any of the assets owned or controlled by him [Pinpoint Multi-strategy Master Fund v. Kamal K Singh 7 Ors.]Justice Abhay Ahuja passed the order in a suit seeking to enforce a New York contempt judgment against Singh and others for allegedly obstructing recovery of about $188 million (around ₹1,770 crore).The Court restrained Singh from "selling, transferring, alienati