Netflix had sought to appeal against the directive in the Supreme Court but was directed by judges on Wednesday to approach a higher state court first, the two sources with knowledge of the matter said.
"Netflix is currently deliberating what to do … the show's release is absolutely on hold," said one of the sources.The company counts India as a key growth market but its shows there have faced court cases and police complaints for obscenity or for hurting sentiments. On Thursday, Netflix's website did not show a trailer or episodes of"Bad Boy Billionaires", but described it as an"investigative docuseries explores the greed, fraud and corruption that built up - and ultimately brought down - India's most infamous tycoons."
Raju, who was accused of a $1 billion accounting fraud more than a decade ago, has also secured an order from another state's court against the show's release, the sources said. Modi is facing extradition attempts by India after his arrest in London last year for alleged involvement in a $2 billion bank fraud, while Mallya too is in Britain fighting India's extradition bid for alleged fraud at his now defunct Kingfisher Airlines.
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