Ranbir Kapoor, Nargis Fakhri starrer Rockstar faces a roadblock. The producers of this Imtiaz Ali film, Eros International and Shree Ashtavinayak, have had a fallout. In fact, the latter has even filed a legal notice against Eros declaring that they have not honoured their financial commitments till date.
Sources from Eros however, have denied the charges, saying that Ashtavinayak has breached the partnership contract simply because they want to get a new buyer thinking that Rockstar has the potential to generate more money.
M/S Thakore Jariwala & associates, the law firm representing Shree Ashtavinayak issued a public notice last Sunday stating that Ashtavinayak has terminated the agreement with Eros International since the latter has failed to discharge their obligations as per the contract.
An official from Eros International (on request of anonymity) told Mumbai Mirror, "We will not let go of the film."
Explaining the terms and conditions of their agreement with Shree Ashtavinayak, the official from Eros International said, "We were supposed to shell out Rs 52 crore for Rockstar. During the course of shooting we were supposed to pay Shree Ashtavinayak Rs 26 crore, which we have already fulfilled. Our signing amount was Rs 6 crore.
The balance is supposed to be paid on delivery. Till date, we have discharged all our obligations. On the contrary, we were quite surprised that they didn't encash our last cheque worth Rs 41 lakh sent to them in February."
"These are arm-twisting tactics. We don't know but it is possible that they are negotiating the film with some other party now. This is definitely not done," he added angrily.
However, the official spokesperson of the company replied saying, "We do not want to elaborate on this. Sunil Lulla, the head honcho remained unavailable for comment.
On the other hand, we got an instant reply from the spokesperson of Shree Ashtavinayak. "No comments," he quipped.
On contacting, Hetal Thakore of M/S Thakore Jariwala said that he was busy and we should text him the story, which he decided not to revert back on.
Imtiaz Ali, who shares a good rapport with Eros, is troubled with the proceedings.
Sources from Eros however, have denied the charges, saying that Ashtavinayak has breached the partnership contract simply because they want to get a new buyer thinking that Rockstar has the potential to generate more money.
M/S Thakore Jariwala & associates, the law firm representing Shree Ashtavinayak issued a public notice last Sunday stating that Ashtavinayak has terminated the agreement with Eros International since the latter has failed to discharge their obligations as per the contract.
An official from Eros International (on request of anonymity) told Mumbai Mirror, "We will not let go of the film."
Explaining the terms and conditions of their agreement with Shree Ashtavinayak, the official from Eros International said, "We were supposed to shell out Rs 52 crore for Rockstar. During the course of shooting we were supposed to pay Shree Ashtavinayak Rs 26 crore, which we have already fulfilled. Our signing amount was Rs 6 crore.
The balance is supposed to be paid on delivery. Till date, we have discharged all our obligations. On the contrary, we were quite surprised that they didn't encash our last cheque worth Rs 41 lakh sent to them in February."
"These are arm-twisting tactics. We don't know but it is possible that they are negotiating the film with some other party now. This is definitely not done," he added angrily.
However, the official spokesperson of the company replied saying, "We do not want to elaborate on this. Sunil Lulla, the head honcho remained unavailable for comment.
On the other hand, we got an instant reply from the spokesperson of Shree Ashtavinayak. "No comments," he quipped.
On contacting, Hetal Thakore of M/S Thakore Jariwala said that he was busy and we should text him the story, which he decided not to revert back on.
Imtiaz Ali, who shares a good rapport with Eros, is troubled with the proceedings.
