Bombay High Court: Shilpa Shetty, Raj Kundra must deposit Rs 60 Cr to lift LOC

• Bombay High Court ordered Shilpa Shetty and Raj Kundra to deposit Rs 60 crore or provide a bank guarantee to lift their Lookout Circular (LOC).
• The couple sought to lift the LOC to travel to the UK to visit Raj Kundra's ailing father, whose health has worsened.
• The court maintained its stance despite the couple's lawyer arguing against the full deposit, emphasizing the medical urgency.
• The LOC is linked to an ongoing cheating case where Deepak Kothari alleges the couple misused Rs 60 crore invested in their company, Best Deal TV Pvt Ltd.
• Shetty and Kundra deny the allegations, calling the FIR "false and distorted" and filed with "malafide motive to extort money."

Why It Matters: This case highlights strict legal requirements for high-profile individuals in financial disputes.