Court raps Bol Bachchan producers for dud cheques

[email protected] (Mumbai Mirror)
July 1, 2012

Bol_Bachan

One of the leading production houses in Bollywood is in serious legal and financial muddle. Ashtavinayak, the producers of money churners such as Jab We Met and the Golmaal franchise were dragged to court by financer Raju Shah after they failed to clear his dues of Rs 41 crore and several cheques were dishonoured.

On Friday the Bombay High Court pronounced the company a 'defaulter,' and directed Ashtavinayak to disclose all its agreements signed for Bol Bachchan. According to the court order (copy with this newspaper), Shah is also entitled to Ashtavinayak's earnings from Bol Bachchan and its various rights, since their cheques to him have bounced. Besides, the company has been barred from selling its shares of five subsidiary companies, till Shah's dues are cleared. If that was not enough, Shah is now moving court that Ashtavinayak's other assets including properties and film copyrights should be attached.

TOI (June 25) broke the story of how the Bol Bachchan imbroglio (we have a copy of the letter from Ashtavinayak to Shah saying all dues would be cleared before Bol Bachchan releases) had landed the company in legal and financial muddle.

Confirming the developments, advocate Rajeev Narula who argued on behalf of Shah told TOI, "Bombay High Court has passed the order, it is dated June 26, 2012." What if Ashtavinayak does not comply? Said Rajeev, "They have no choice."

Speaking to this paper, soon after the Court ruled the verdict in his favour, Shah's son, Yash said: "We fail to understand how can a company which earned so much with the Golmaal franchise and Jab We Met not clear its dues." Shah considers the court ruling as a moral victory. "I am relieved, justice has been done," he said.

When contacted, Rupen Amlani, a senior member from board of Ashtavinayak's directors, refused to comment. However a spokesperson of the company said: "No amount is due and payable to Raju Shah. That is why the court has not stopped the movie (Bol Bachchan)."



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Agencies
February 5,2020

Chennai, Feb 5: Income Tax sleuths on Wednesday raided top Tamil film actor Vijay's residence here besides conducting simultaneous searches at several premises linked to a film production house, movie financier and distributors in connection with suspected tax evasion.

The searches, which began in as many as 38 locations in Tamil Nadu, were still on and unaccounted cash of about Rs 25 crore was seized from the premises of a Tamil film financier who had faced allegations of intimidation and arm-twisting to recover money, official sources told PTI.

Also, several documents indicating substantial tax evasion has been seized, sources added.

Vijay, who was away in Cuddalore district for a film shoot, was apprised by authorities about the searches and he was en route to his residence here, they said.

So far nothing has been recovered from the actor's house and the inmates were cooperating with authorities in conducting the searches, sources said.

Raids were also on in the premises of the production house that had made Vijay's hugely successful recent Tamil movie 'Bigil.'

Further details are expected after completion of searches which is likely to continue tomorrow.

The State police has been providing security for carrying out the searches.

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News Network
June 26,2020

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Just 11 days back, actor Sushant Singh Rajput;s suicide case shocked the nation. On June 14, the actor was found hanging in the bedroom of his rented accommodation in the Mount Blanc building off Carter Road at Bandra.

 
 
 
 

 
 
 
 
 
 
 
 
 

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News Network
May 10,2020

New Delhi, May 10: While people across the country have been spending a lot of time at home owing to the lockdown, superstar Shah Rukh Khan on Saturday provided a unique platform for all the aspiring filmmakers to produce some 'fun, creative and... spooky' video.

The 54-year-old actor shared a statement on Instagram, detailing about the opportunity for the filmmakers to channel their inner "filmmaking ghost to make a scary indoor film with an element of horror in it."

Taking it to the captions, the 'Don' actor wrote: "Since we've all got a bit of time on our hands in quarantine, thought I can get us all to work a bit... in a fun, creative and... spooky way!"

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