Bailable warrants issued against Preity, Ness Wadia, and Mohit Burman

The warrants were the result of owners’ failure to attend the hearing on a case filed by Registrar of Companies (ROC).

No arrest warrant was issued against the fourth owner Karan Paul as his counsel had appeared before the court. This decision was announced by Chief Judicial Magistrate J S Sidhu.

Complaint filed by ROC
The court had issued a notice against the four owners of the franchise in April as per the complaint received by the ROC.

The ROC complained as the franchise failed to submit its balance sheet and annual returns as required under the Companies Act.

"We had submitted that the Mohali franchise had not filed any annual return and balance sheet since it came into existence," said Gaurav Hooda, the counsel for the ROC.

The next hearing fixed by the court is Oct. 4 and will require the presence of all the four owners.

Preity Zinta denies the issuance of warrants
Bollywood actress Preity Zinta denied the issuance of arrest warrants and said that she would be taking legal action against the media for tainting her image.

Preity posted on her Twitter page, “No summons had been served on me by d CJM Chandigarh wid regards to appearing in any court case against me today. I have since learnt that no arrest warrants have been issued in my name. My legal team is looking further into the matter (sic)".

"We will take legal action against all channels & publications 4 deliberately damaging my reputation! I expect d news 2 b pulled off asap. Request to the media ! Pls verify news before printing that Arrest warrents issued for me in court! (sic)."

"An apology! Sad the news in India is become a joke and idle gossip instead of facts! This is my official statement! Thank you,” the actress added.