The Bombay High Court ordered Eros International Media Limited to pay Bhansali Productions outstanding dues of Rs 19.3 lakhs within three weeks. The two companies had co-produced Goliyon Ki Rasleela: Ram-Leela in 2013. The dispute between them has been ongoing since October 26, 2018.
As per reports, Bhansali through his team of lawyers opposed the merger of Eros International's parent company Eros International Plc and Hollywood's STX Filmworks. The companies had filed an all-share merger at the Bombay Stock Exchange and the deal was supposed to close by June 30.
Sanjay Bhansali’s lawyers contended that the merger was based on incorrect disclosure and sought relief from STX filmworks or any other company selling, exploiting, licensing, distributing and renewing rights related to Goliyon Ki Rasleela: Ram-Leela.
Eros International disputed the claim and stated that the film was mentioned in the annual returns of 2019, while stating that no interim relief be provided to Bhansali Productions.
Justice Collabawalla ruled out the possibility of granting ad-interim relief to Bhansali Productions since only extremely urgent matters are being heard due to the COVID-19 pandemic. However, the bench directed Eros International to pay Bhansali Productions Rs 19.39 lakhs, related to co-production arrangement, within three weeks.
More on: Bhansali Productions SHOW COMMENTS
ncG1vNJzZmivp6x7p7XLpp2aqpVjsLC5jqecsKtfl7ytuNiwpqicX5q%2FsL%2BMoqWtnaKjrrW1zqeYpWWkpHqxrdhmmaGZnqiurbWMqamonKWYwaq7zaxkq6tdZoZ0hYylmKSgo2KzsL6MrZ%2Biq12nsqK%2FzqdkbWhnZX5vtNOmow%3D%3D