MUMBAI: Super Cassettes Industries Ltd (T-Series) has threatened to drag Percept Picture Company to court if it releases the upcoming Akshay Kumar starrer 8X10 Tasveer.

T-Series had, on 28 August 2008, entered into an agreement with Percept Pictures to jointly produce the film Tasveer, now renamed 8X10 Tasveer. T-Series was to also hold the music rights.

However, on 4 March 2009, T-Series decided to pull out of the agreement, and the issue was settled amicably. As per the new deal, it was agreed that the music label would keep the music rights and withdraw from being a co-producer. The money (50 per cent of the project cost of the film) was to be returned to T-Series in two post-dated cheques.

T-Series alleged that though Percept honoured the first payment of Rs 5 million, the second tranche of Rs 66.7 million was not made. As a counter-move, T-Series said it would enter back as co-producers and asked the laboratory to stop the delivery of film prints/negatives until further notice in writing.

"The company shall take legal action to protect its interests and rights," T-Series said in a statement.

When contacted, Percept Picture CEO Navin Shah told Indiantelevision.com that the issue has been resolved. “There was some miscommunication from the bank's side and we have given a new DD of the same amount to T-Series. We will be releasing the movie as per schedule and T-Series will hold the music rights,” he said.

However, T-Series president - Marketing, Media, and Publishing (TV) Vinod Bhanushali refuted this. “As of now, we have not received any DD and are planning to take legal action,” he said.

T-Series has urged the film and entertainment industry and trade not to deal with any rights in the film without prior written consent of Super Cassettes Industries Limited. If they do so, they shall be liable for damages and legal action at the option of Super Cassettes Industries (T-Series), the company said.

Clearly, this is one T-Series musical note that Percept Picture Company wouldn't like to hear.