Dream 11 co-founder Bhavit Sheth filed an application claiming that the application seeking initiation of insolvency against Dream 11 was barred under Section 10A of IBC.
The area near the Antilia is considered to be one of the most expensive in India and Harsh Jain’s wife Rachana Jain bought a Rs 72 crore duplex apartment in that area.
The Supreme Court on Monday (January 8) issued notice and sought the centre s response on a batch of petitions filed by online gaming companies, including Dream 11, Games 24x7, and Head Digital Works,.
The involvement of money does not change the nature of the game. If one plays chess with money, chess does not become gambling, but remains a game of skill. This is the argument gaming firms will present in courts, said a source
Harsh Jain is son of Indian businessman Anand Jain who is regarded as Mukesh Ambani’s brother due to their long friendship that started during their schooling days.