DS Kulkarni given last chance to pay money by court
Pune – The Bombay High Court on Monday granted a three-day extension of interim protection from arrest to builder DS Kulkarni and his wife Hemanti, after he showed documents that funds have been arranged from a foreign client and would take two days to reach his bank account.
Justice Sadhana S Jadhav of the high court has posted the matter for next hearing on January 25.
Kulkarni, better known as DSK, and his wife are facing arrest in a case under the Maharashtra Protection of Interests of Depositors (MPID) Act for allegedly cheating several depositors by defaulting on payment of interest and matured deposits.
On December 22, 2017, the Supreme Court had given DSK four weeks to ensure that he deposited Rs 50 crore with the registry of the Bombay HC. As such, the interim protection granted by the high court to the couple on November 10, 2017 continued till Monday when the four-week period got over.
