Posts tagged rs 25 crores
A bank has sealed Krantiveer maker Mehul Kumar’s office for non payment of dues
Vickey Lalwani (MUMBAI MIRROR; June 28, 2010) Mehul Kumar
Filmmaker Mehul Kumar (Krantiveer, Tiranga, Mrityudata), whose new film Krantiveer-The Revolution which takes off where the earlier film of the same title ended, released last Friday is in serious trouble. Over time, a number of debt-related legal cases were filed against him in various parts of India. Recently, Samata Bank, from where he supposedly borrowed approximately Rs 50 lakhs and failed to return it, has sealed his Juhu office.
Apparently, Kumar has been in debt for a very long time . Six months ago, a leading financer in Bihar, Shyam Bahadur, filed a case against Kumar in Munger Court. “He (Kumar) took Rs 15 lakhs from me. When he did not pay up, I went and met him. I didn’t like his behaviour. With all the ghapla he did, he made a multiplex in Jamnagar. This is just not done,” said a furious Shyam Bahadur. “I was helpless. That’s why I took the help of the law. I pray that justice is done.”
The worst affected is PEN (Popular Entertainment Network), from whom Mehul Kumar borrowed Rs 8 crores. Jayantilal Gada, of PEN said, “Mehul Kumar’s films say that government chor hai, police chor hai, lekin yeh aadmi khud kya hai? I have been fighting cases in court against him for a very long time but I still haven’t got justice. He started paying a little money in the form of interest to me More >
Two prominent Bollywood filmmakers — Manmohan Shetty and Bobby Bedi — have spoken against multiplexes and the high price of tickets, saying these two factors could destroy the industry.
“The main culprit to bring down Bollywood are multiplexes,” said Shetty, who started the trend of multiplex cinema chains.
“The tickets are priced so high that people who used to watch the movies by paying Rs.30 to Rs.40 are not coming to cinema halls anymore,” Shetty said at a conference, ‘India – The Big Picture’, organised by the Confederation of Indian Industry (CII).
“With high budgets and high priced tickets at multiplexes, film business has become difficult,” he added.
Shetty, who produced movies like ‘GangaaJal’, also said the fees charged by stars have made movie production a tricky business.
“Even though film producers spend Rs.10-15 crore on promotion of films, it is difficult to recover the amount,” he said, adding that a star like Akshay Kumar, who earlier used to charge Rs.1 crore now commands Rs.25 crore.
Film producer Bobby Bedi, in his address at the same conference that was organised on the occasion of the 40th edition of the International Film Festival of India, equated high priced tickets to the Frankenstein monster that would soon “eat us all up”.
“By pricing the tickets high, the industry has created a monster which will eat us all up like Frankenstein,” said Bedi, whose Kaleidoscope Entertainment has produced blockbusters like ‘Saathiya’, ‘Maqbool’ and ‘Bandit More >
By Joginder Tuteja, July 22, 2009 – 12:21 IST
Viveck Vaswani is, in his own words, ‘pi$$ed off’ with rumours making the round that he has sold his Shah Rukh Khan starrer Dulha Mil Gaya for Rs. 25 crores to a Dubai based businessman. As per the filmmaker, it is still some time to go before (and if at all) this happens and information being ‘leaked’ like this is figment of imagination of a ‘mischievous’ mind.
Talking from Poona, Viveck fumes, “I am ‘really really really’ annoyed after reading this unmitigated rubbish. It is plain ridiculous. Log kahin se bhi kuch bhi sun ke rumors bana dete hain (People just hear something stupid out of nowhere and start generating rumours). I am so very much pi$$ed off ever since I heard this. Dulha Mil Gaya being sold? That too for Rs. 25 crores? Hello, at least have the courtesy of check pointing with me before you write something!”
It was being reported that the film was picked up by this particular Dubai based businessman who was totally unrelated to the film industry. However, since he was a big fan of Shah Rukh Khan, he put down good money on table. Also, beginning with Dulha Mil Gaya, he wanted to establish himself in Bollywood.
“Who is this businessman? Whom are we talking about? Puhleeze, it’s my humble request all over again – ‘Please stop speculating about my film’. There have been enough of speculations already during last two years and I am in no mood, intention or leisure to entertain any such rumours and false talks. All of More >