On October 5, 2020, Netflix released three of the four films in the anthology, including those starring Vijay Mallya, Nirav Modi and Subrata Roy, while the latest episode about Ramalinga Raju remained incriminated by court orders and has not yet been released until December 2020. [21] Netflix India has won a legal battle to start airing the limited-edition series « Bad Boy Billionaires: India, » a show that features separate Indian tycoons convicted of corruption and fraud. Roy is currently out on bail after receiving a court order to repay billions of dollars to investors in a system deemed illegal. Roy has denied any wrongdoing in the case and his lawyer said he had already reimbursed investors. While the docu-series is running successfully on Netflix, « Bad Boy Billionaires » has had to fight lawsuits in places like Araria in Bihar. Netflix, with the help of the lawyers` diligence, managed to obtain a favorable order from the District Court of Araria. The court overturned the injunction against the docuseries, paving the way for the web series to be streamed. Mumbai: The Netflix presentation « Bad Boy Billionaires » is watched by millions of people, with people looking into the world of fallen business heroes. The web series began streaming after overcoming legal hurdles and was deliberately aimed at blocking the highly anticipated broadcast. M. Modi, whose jewels have been adorned by celebrities such as actresses Kate Winslet and Priyanka Chopra Jonas, remains in a British prison as he fights extradition to India, accused of a nearly $2 billion money laundering and fraud operation.

The series « explores the greed, fraud and corruption that India`s most notorious tycoons have built and ultimately shot, » Netflix said on its website. The fourth episode of the series – about B. Ramalinga Raju – remains on hold as Netflix contests a legal challenge. Raju admitted to inflating the assets of his software company Satyam Computer Services by about $US $1 billion in 2009. The victory, after weeks of litigation in Indian courts, strengthens Netflix, which is investing hundreds of millions of dollars in India to offer more local content. The company is targeting a larger share of the largest open market in Asia with more than 500 million smartphone users. Bad Boy Billionaires: India, also known as Bad Boy Billionaires, is a Netflix 2020 Indian original anthology web series that focuses on the lives of four leading business tycoons in India, including Vijay Mallya, Nirav Modi, Subrata Roy and Ramalinga Raju, who had success in their businesses during their lifetime before being accused of corruption. [1] The documentary documents major financial scams in India and was partially published following a lawsuit filed by subrata Roy`s Sahara Group. [2] Netflix unveiled the official trailer for the film on August 24, 2020, and it was reported that the trailer was later removed from the platform after legal issues. [3] The documentary was originally scheduled to air on Netflix on September 2, 2020. [4] [5] Netflix India declined to comment on the ongoing legal challenge and recent legal victory. The four-part series, which deals with the activities of allegedly disgraced billionaires Vijay Mallya, Nirav Modi, Subrata Roy and Ramalinga Raju, was set to hit theaters on Wednesday.

The documentary series investigates scandals surrounding controversial Indian billionaires Vijay Mallya (Kingfisher Airlines), Subrata Roy (Sahara India), Nirav Modi (Gitanjali Group) and Ramalinga Raju (Satyam Computers). [13] OTT giant Netflix has won a legal battle to stream the limited series « Bad Boy Billionaires: India » on its platform. The series is about those Indian tycoons who have been convicted of fraud and corruption in India. An Indian court has ruled that episodes of the series starring Vijay Mallya, Nirav Modi and Subrata Roy can be broadcast on the OTT platform in India. A separate episode starring B Ramalinga Raju, who confessed to inflating her company`s fortune by about $1 billion in 2009, is still in dispute. In statements to Bloomberg, Roy`s Sahara India Pariwar had said the netflix episode was « poorly motivated » and « contains various false and misleading facts that are just one-sided claims. » The company said it would file criminal charges against Netflix, including the show`s producers, directors and journalists. Netflix and Disney have tried to tap into the huge market in India. Although India is the second most populous country in the world, Netflix`s underbought base is reported to be 1.2 million. Disney + Hotstar has 3 million subscribers, while Amazon Prime Video has 2.5 million subscribers. According to the description on Netflix, the series explores « the greed, fraud and corruption that built and ultimately brought down India`s most notorious tycoons. » Subrata Roy was arrested in March after failing to appear at a hearing amid a Supreme Court battle with the Securities and Exchange Board of India.

Prashanth Vishwanathan/Bloomberg The group reportedly failed to repay billions of dollars to investors after the bonds Sahara sold them were later classified as illegal. The upcoming Netflix show titled « Bad Boy Billionaires » is an investigative documentary series that revolves around the ideas, growth and stories of 4 notorious business tycoons from India, including Vijay Mallya from Kingfisher, Subrata Roy from the Sahara, jeweler Nirav Modi and B Ramalinga Raju from Satyam. Netflix claimed that the documentary series consists of « facts, information, images and excerpts about the aforementioned billionaires whose information is publicly available and/or known to the public. » The release of the show was scheduled for September 2, 2020. However, several lawsuits have been filed against Netflix across the country to delay the release of the series. Netflix has argued that stopping the show`s release « freezes freedom of expression » and hurts it financially. Mallya has been accused of injecting loans to the troubled airline into two vanity projects, including its Formula One team and a business jet, according to a 2018 court ruling. These include business tycoon Mallya and jeweler Modi, both of whom are fighting in London against extradition to India to face allegations of fraud. Netflix, along with Disney and other media companies, wants to tap into India`s huge population base — including more than 500 million consumers who are used to accessing entertainment on mobile devices. The businessman fled to the UK in 2016 when a consortium of 17 banks accused him of financial misconduct. He was arrested the following year, triggering the lengthy extradition process.

In a statement to Bloomberg News, Raju`s company, Sahara India Pariwar, said the netflix episode was « poorly motivated » and « contains various false and misleading facts that are just one-sided claims. » The company said it would file criminal charges against Netflix, including the show`s producers, directors and journalists. The jeweler was arrested in March last year after spending 15 months on the run after he and his uncle Mehul Choksi were accused of fraudulently obtaining guarantees from Punjab National Bank from corrupt employees in Mumbai, which were then used to obtain loans from abroad. The Hyderabad Civil Municipal Court issued unilateral orders ordering the respective episodes on the basis of defamation lawsuits filed by Sahara India and Ramalinga Raju respectively. The ongoing dispute over Bad Boy Billionaires is one of the most high-profile Netflix has faced in India, one of its main growth markets, where some of its shows have faced legal challenges and complaints from police for obscenity or insulting religious sentiments. The fact that Netflix was working on the project was known to all, as the producers had done thoroughly. However, during the last week of August, several cases appeared in court, demanding a permanent injunction on release. However, the Delhi Supreme Court refused to suspend the streaming of the web series despite a lawsuit filed by Mehul Choksi, whose request was denied. Similar petitions have been filed with the Araria District Court, Bihar. Roy, who founded India`s billionaire conglomerate Sahara India and spent two years in prison, had secured an order against the streaming service with his name in the country`s lower court. In a separate case, Mr. Raju, whose software company Satyam was behind a $1.5 billion (5.5 billion dirham) accounting scandal, also succeeded in his efforts to maintain the release of the show.

Diamond tycoon Nirav Modi in his office in Mumbai in 2016. Photo: Getty Images The other two businessmen, Modi and Mallya, are currently in the UK and face extradition proceedings. On 28 August 2020, two petitions against the publication of the documentary were submitted to the Bihar District Court. The Bihar court has issued an order to temporarily stay subrata Roy`s motion against the publication of the documentary on the Netflix platform. Following the Bihar court`s stay order, Netflix threatened to go to the Supreme Court against the court order limiting the release of the documentary. [14] However, episodes about Ramalingam Raju of the Satyam scam cannot be streamed as the injunction has not yet been lifted by the Hyderabad court, which is being sued by Netflix`s lawyers.