The Bombay High Court has declared Shree Ashtavinayak
Cinevision as defaulters over the non-payment of dues
to film financier Raju Shah.
had moved the court after the cheques issued by the
production house bounced. He has reportedly claimed
dues of Rs 410 million.
court has also directed the company to come clean about
its business dealings and various rights related to
its latest film Bol Bachchan scheduled to release on
6th July. According to insiders, the film has been acquired
by Fox Star Studios for a whopping price of 720 million.
trade analyst, on conditions of anonymity, said that
the release of the film may not be affected at this
juncture since on record the film has already been
'delivered' by the processing lab Reliance MediaWorks
is a common film industry practice these days when
an aggrieved creditor approaches the concerned film
lab to block the delivery of the film until his dues
film is directed by Rohit Shetty and stars Ajay Devgn,
Abhishek Bachchan (in double role), Asin and Prachi