Bol Bachchan makers in fake cheques trouble
Mumbai: Film makers of Bol Bachchan were found on the other side of the law when Mumbai High Court on friday passed orders pronouncing the company a ‘Defaulter’ directing Ashtavinayak to disclose all its agreements signed for Bol Bachchan. Ashtavinayak rose to popularity with blockbusters like 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.
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.
Advocate of Shah, whom the franchisee defaulted, Rajeev Narulsa said “Bombay High Court has passed the order, it is dated June 26, 2012.” He adds that the film makers have no choice but to comply with the court orders.
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).”