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Good news-Restraint order of Gupta company assets extended

The High Court, Free State Division, Bloemfontein, has requested that the limitless restriction request against Iqbal Sharma, Nulane Investments 204 (Pty) Ltd, Issar Global Limited, and Islandsite Investments 180 (Pty) Ltd, which has a place with Atul and Rajesh Gupta and their spouses, Chetali and Arti Gupta, be stretched out to 16 March 2022. 

In July 2021, ahead of Islandsite, Ronica Ragavan, documented a testimony purportedly as the properly approved delegate of Islandsite, restricting the affirmation of the limitation request against Islandsite. 


On 11 August 2021, Musi JP decided that the organization is under business salvage and hence the business salvage specialists Kurt Knoop and Johan Klopper, not the chiefs, are the gatherings with the legitimate remaining to address Islandsite in the limitation procedures. 


The business salvage experts of Islandsite documented notification of expectation to go against the affirmation of the limitation request in October and a noting testimony on 01 November 2021. 


Likewise READ: Another blow for Gupta partner Iqbal Sharma 


Iqbal Sharma, his better half Tarina, and their organization, Issar Global have documented a joint notification of resistance to the restriction arrangement yet have not yet recorded any testimonies regarding that situation. 


The temporary restriction request has been stretched out to 16 March 2022 by arrangement between the gatherings. 


In June, the Assets Forfeiture Unit jumped and held onto properties having a place with Sharma in Western Cape and Gauteng. 


Among a portion of the more than R47 million of Gupta-connected resources seized is an extravagant Sandton house esteemed at R12 million, which had a place with Sharma and was included on the now-old way of life show, Top Billing. 


Additionally remembered for the rundown was a BMW, a few ledgers, and various properties his organization Nulane Investments 204 (Pty) Ltd and Islandsite Investments 180 (Pty) Ltd which has a place with Atul and Rajesh Gupta and their spouses, Chetali and Arti Gupta, in June 2021. 

Restraint order of Gupta company assets extended until next year — The Citizen

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Arti Gupta Iqbal Sharma Nulane Investments 204 Rajesh Gupta Ronica Ragavan

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