Posts tagged Raj Mehta
Financier Raju Shah and the film’s producers lock horns over dues worth Rs 36 crore and dishonoured cheques worth Rs 8 crore
Vickey Lalwani (MUMBAI MIRROR; June 25, 2012)
Close on the heels of Nagpur-based builder Appu Wadhwani filing a case against the makers of Bol Bachchan, the Ajay Devgn-Abhishek Bachchan starrer is headed for even more trouble.
Film financier Raju Shah is moving court today against Shree Ashtavinayak Cine Vision, alleging they owe him monies to the tune of Rs 36 crore.
And that’s not all. Apparently, Ashtavinayak gave Shah post-dated cheques amounting to Rs 36 crore, of which cheques worth Rs 8 crore have bounced.
Shah, who has worked with Ashtavinayak on Blue, Khatta Meetha and Rockstar, told Mirror, “Ashtavinayak owes me Rs 36 crore and gave me post-dated cheques to that effect. I was supposed to deposit Rs 17 crore till June 30. Accordingly, I deposited Rs 8 crore but was told by the bank on Friday that the cheques have been dishonoured.”
Shah had a fallout with Ashtavinayak during Rockstar, but never made it public, till now. “We went ahead with Bol Bachchan simply because we thought things would improve. Of the Rs 41 crore they owe us, they returned Rs 5 crore during Rockstar but we are going mad trying to recover the remaining Rs 36 crore,” said Shah.
A friend of Shah revealed they were also supposed to produce Bhagam Bhag, Abhishek-Aishwarya starrer Ladies and Gentleman and Kunal Kohli’s Saif Ali Khan-starrer with Ashtavinayak but none of More >