'Aarakshan' release stayed
Express News Service
Last Updated : 09 Aug 2011 12:17:55 PM IST
The poster of 'Aarakshan'. The poster of 'Aarakshan'. CHENNAI: The
worldwide release of Hindi feature film 'Aarakshan', starring Amitabh
Bachchan and Deepika Padukone and directed by Prakash Jha, was stayed
subject to certain conditions by the Madras High Court on Monday. The
film was scheduled to be released on August 12.
The stay was granted following a financial dispute between the
producer and the financier.
Justice V Periakaruppiah, in his brief interim order, said that the
defendant should not release the film without paying the suit claim of
Rs 3.17 crore to the plaintiff or depositing the said amount to the
credit of the suit or furnishing bank guarantee obtained from any
nationalised bank to the satisfaction of the High Court Registrar.
The judge was passing interim orders on an application arising out of
a civil suit from GG Photo Limited, by its director Sushil Gupta and
his wife Madhu Gupta of West K K Nagar. As per the finance conditions,
the defendant should not release any of his forthcoming films before
settlement of the loan amount.
However, the defendant suddenly slated 'Aarakshan' for release on
August 12 worldwide without any prior notice to the plaintiffs. Hence,
the present suit.
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