New York Case: Bombay High Court Bars Rolta Founder Kamal Singh from Selling Assets

The Bombay High Court has restrained Kamal K. Singh, founder of Rolta India, from alienating or creating third-party rights in any assets he owns or controls globally.

Court passed the order in a suit filed by Pinpoint Multi-strategy Master Fund to enforce a New York contempt judgment involving approximately $188 million.

The foreign ruling held Singh liable for obstructing the recovery of offshore bond defaults. Since the U.S. is not a "reciprocating territory," the fund filed a fresh civil suit in India.

The Court directed Singh to disclose all domestic and international assets within four weeks.

[Pinpoint Multi-strategy Master Fund v. Kamal K. Singh & Ors.]