SC orders Rajinikanth's wife to face trial for fraud

Agencies
July 10, 2018

New Delhi, Jul 10: The Supreme Court on Tuesday paved the way for criminal proceedings against superstar Rajinikanth's wife Latha Rajinikanth, on a complaint by an advertising agency, by setting aside a Karnataka High Court order quashing the process.

The agency had alleged in its private complaint that they had ventured in the post-production of the 2014 film 'Kochadaiiyaan', which was produced by Mediaone Global Entertainment Ltd, on Latha's personal guarantee and had funded Rs 10 crore for it. She was a director of the production company.

A bench headed by Justice Ranjan Gogoi said the high court was "not justified" in quashing the proceedings against Latha, which were initiated following a trial court's order on the complaint by the advertising agency, AD-Bureau Advertising Pvt Ltd.

"This is a case which should have gone for trial. You (Latha) can apply for discharge at an appropriate stage," the bench, also comprising Justices R Banumathi and Navin Sinha, said.

The court's order came on a plea filed by the advertising agency against the March 10, 2016 order of the Karnataka High Court quashing the proceedings against Latha.

The advertising agency had claimed that Mediaone Global Entertainment Ltd was required to refund Rs 10 crore plus Rs 1.2 crore being the "guaranteed profit", but the amount was not refunded.

During the hearing today, Latha's counsel told the bench that they had argued before the high court about "breach of agreement" by the agency since they had agreed to pay Rs 20 crore to Mediaone Global Entertainment Ltd but later paid only Rs 10 crore.

"Just because they (agency) did not give you Rs 20 crore, will you retain whatever they had given you," the bench asked.

At the outset, the counsel for the agency told the bench that Latha had not paid the money to them as per the undertaking given by her in the apex court earlier.

To this, the bench said, "We have closed that chapter. We will now decide it on merits. You tell us what was the complaint and on what grounds the high court had quashed it".

The advertising agency's counsel read out the order of the high court and said the proceedings were quashed on the ground that the dispute was of "civil nature".

The bench, while setting aside the high court's order, told Latha's counsel that under the Code of Criminal Procedure (CrPC), there were different stages in a matter and she has the right to approach the court for appropriate remedy.

On July 3, the apex court had pulled up Latha for not complying with her undertaking given before the court to pay Rs 6.2 crore to the advertising agency.

Mediaone Global Entertainment Ltd had earlier denied liability on its part and Latha had said that the undertaking given by her counsel in the court was without instructions.

On February 20, the apex court had said if Mediaone did not pay the dues to the advertising agency AD-Bureau Advertising Pvt Ltd within three months, then Latha would have to pay the amount as per undertaking given by her.

Latha had earlier approached the high court after a trial court had referred the private complaint to the police for investigation.

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News Network
March 16,2020

New Delhi, Mar 16: Joining other big names from the industry in raising the awareness about the novel coronavirus, actor Katrina Kaif on Sunday ensured the safety and urged everyone to take all the preventive measures to combat the spread of the virus.

The 36-year-old actor shared a post on Instagram along with a caption that read: "..... hope everyone is staying safe ... please follow all precautionary safety measures as recommended by the health professionals .... exercise and meditation help your body`s immune system ... keep your environment clean and happy."

In the shared post, she is seen posing for the camera along with her girlfriends, all seen in happy faces.

Earlier in the day actor Parineeti Chopra too took to Twitter and urged her fans to adopt social distancing to stop the highly contagious virus from spreading.

This comes three days after the World Health Organisation (WHO) announced coronavirus as a global pandemic.

In the wake of spurt in cases of coronavirus across the country, the Central Government on Saturday decided to treat the deadly virus as a "notified disaster".

As of Sunday, the total cases of coronavirus reported in India is 107, according to the Union Ministry of Health and Family Welfare.

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News Network
June 9,2020

New Delhi, Jun 9: Multiplex operator PVR on Monday said it has cut salary across various levels, laid off employees and deferred increments during the lockdown to mitigate adverse impact of COVID-19 on the business.

The company said at present it is not generating any revenue from exhibition business and related activities as cinemas across the country are shut following the directions from the regulatory authorities.

According to the company, closure of screens during the lockdown will have a significant negative impact on profitability and liquidity.

PVR has taken measures to reduce its personnel cost, including salary cuts across various levels in the organisation during the lockdown along with "reduction in headcount by way of layoffs/retrenchment" to mitigate the adverse impact of COVID-19 on the business.

Moreover, the board of the company, in its meeting held on Monday has also approved plan to raise Rs 300 crore through rights issue.

"Since Cinema Exhibition is the only business segment, company is currently not generating any revenue from admissions, food and beverage sales or other revenue and cash flow from operations," said PVR in an update.

Beginning from March 11, PVR started closing its screens in accordance with the order passed by various regulatory authorities and within a few days most of our cinemas across the country were shut down, it added.

The company will continue to incur committed cash outflows, including employee salary pay-outs, other overheads as well as payments for older working capital.

"This has and will have a significant negative impact on profitability and liquidity during lockdown and even thereafter till business comes to normalcy," it added.

Further, once the cinemas are re-opened, we may not be able to run our cinemas at normal capacity utilisation levels on account of social distancing measures that cinemas may be required to follow as well as health concerns that the patrons may have, the multiplex operator said.

"On account of this, our revenue and cash flow generation may be impeded even once we are allowed to restart operations," it added.

The company has also deferred decision on on increments to reduce its cost, it added.

PVR has also written to developers for waiving rental and CAM (Common Area Maintenance) charges for the lockdown period.

It is in discussion with developers for reducing rentals post re-opening and has invoked force majeure clause in its agreements with them.

Besides, the company has raised additional borrowings from existing bankers to shore up liquidity.

"As of March 31, 2020 the company had cash and bank balance of Rs 316 crore. As on June 7, 2020 cash and bank balance is Rs 227 crore (including undrawn bank lines)," it added.

Over reopening of theatres, PVR said that the government has come out with a phase-wise schedule.

In these guidelines cinema halls have been kept in the third phase of re-opening, where dates will be decided based on assessment of the situation.

"We are in continuous engagement with all regulatory authorities and hope to receive the necessary permissions for restarting opening in the near future," it added.

Currently PVR operates 845 screens in 176 properties in 71 cities.

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Agencies
July 27,2020

Mumbai, Jul 27: Action director Parvez Khan, known for his work in films like Sriram Raghavan's Andhadhun and Badlapur, died on Monday after suffering a massive heart attack. He was 55. 

Parvez, who worked in the industry since 1986, was rushed to Ruby Hospital after he complained of chest pain, his longtime associate Nishant Khan told PTI. "He suffered a major heart attack in the morning. He was rushed to the hospital but was pronounced dead. He didn't have any health issues but felt chest pain last night," Nishant said.

Filmmaker Hansal Mehta, who worked with Parvez in the National Award winning 2013 drama Shahid, said the action director was extremely skilled. "Just heard that action director Parvez Khan is no more. We had worked together in Shahid where he executed the riots sequence in a single take. Very skilful, energetic and a good man. RIP Parvez. Your voice still rings in my ears," Hansal tweeted. 

Parvez started his career by assisting action director Akbar Bakshi in films like Akshay Kumar's Khiladi (1992), Shah Rukh Khan's Baazigar (1993) and Bobby Deol-starrer Soldier in 1998. It was with Ram Gopal Varma's Ab Tak Chhappan in 2004 that he started working independently and went on to have a long-standing collaboration with filmmaker Sriram Raghavan in films such as Johnny Gaddaar (2007), Saif Ali Khan-starrer Agent Vinod in 2012 and Badlapur, featuring Varun Dhawan. He is survived by wife, son, daughter-in-law and a granddaughter.

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