Updated On: 21 February, 2024 06:55 AM IST | Mumbai | Faizan Khan
Investors tell mid-day that a Pune court in August 2023 has overturned an order freezing Rs 160-crore in the finfluencer’s company and this should be presented in front of the Bombay High Court

The accused couple Ashesh and his wife Shivangi Mehta. File pic
Investors of Bliss Consultants, who have been left in a lurch after the arrest of directors Ashesh Mehta and his wife Shivangi Mehta, told mid-day that the Rs 160 crore frozen based on the arbitration decree order of the court which was later reversed. The court stated it lacked jurisdiction to pass such an order as both parties are from Mumbai, and hence city courts hold jurisdiction. Investors said the order passed in August 2023 should be brought to the knowledge of the Bombay HC, which is hearing the matter, and the next hearing is on February 22.
They are hopeful that the court will consider the reversed order, and if the Bliss Consultant’s account is unfrozen, they may recover their invested money at the earliest opportunity. The arbitration decree took place in Delhi’s Tis Hazari Court and the execution order was given by Pune’s Khed court which was later dismissed by the same court within 50 days as it lacked the jurisdiction. Now, the investors claim that due to judicial error, the amount of Rs 160 crore lying in the accounts of Bliss Consultants has been frozen.
Court order