HC Halts Investigation Into Forgery Case Against cult.fit's Co-founder
What Happened
The Karnataka High Court stayed the police investigation against Rishabh Telang, co-founder of cult.fit, in a case involving allegations of cheating, forgery and criminal breach of trust. The FIR was filed by fellow co-founder and brother-in-law Deepak Poduval, who alleged forged documents were used in the transfer and closure of the original Cult Fitness entity. The Court granted interim relief and is scheduled to hear the matter again on September 30.
Key Takeaways
The ruling temporarily pauses the criminal investigation, providing relief to Rishabh Telang while the Court examines whether the dispute is criminal in nature or primarily a commercial/shareholder dispute.