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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News Network
June 4,2020

Mumbai, Jun 4: Casting director Krish Kapur, who had worked on films like Mahesh Bhatt's Jalebi and Kriti Kharbanda-starrer Veere Ki Wedding, passed away at the age of 28 due to brain hemorrhage, his family said.

There was speculation that Kapur died in a road accident but his maternal uncle, Sunil Bhalla, dismissed the reports, saying that the casting director fainted at his home in suburban Mira Road here and suffered brain hemorrhage.

According to Bhalla, Kapur breathed his last on May 31.

"He had no medical history. He was healthy and doing absolutely fine. On May 31, he just collapsed and started to bleed. He died of brain hemorrhage," Bhalla said on Wednesday.

Kapur is survived by his mother, wife and seven-year-old child.

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News Network
June 22,2020

New Delhi, Jun 22: Amidst a strain in the ties between India and Nepal, actor Manisha Koirala, a Nepali national, on Monday urged people of both the countries to be not "aggressive and disrespectful" towards each other.

Koirala, a leading Bollywood actor of her times, took to Twitter to request people to let the respective government resolve the issues and stay "civil."

"A heartfelt request please let's not be aggressive and disrespectful..we are in this situation together..our respective Gov's will resolve the issue. In the meantime we can be civil ..I remain hopeful," she tweeted.

Earlier last week, Nepal 's Upper House of Parliament endorsed a proposal to discuss the Constitution amendment bill to update the country's map that incorporates parts of Indian territory.

Nepal's House of Representatives had on June 10 endorsed a proposal seeking consideration of a constitution amendment bill for change of country's map after a lengthy discussion. Nepal has made offers to India to hold "diplomatic talks to resolve the territorial issue" between the two countries.

New Delhi has said that the updated map is "not based on historical facts and evidence" and termed the claims by Nepal as artificial enlargement.

External Affairs Ministry spokesperson Anurag Srivastava also said that the move is violative of the current understanding to hold talks on outstanding boundary issues.

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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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