If you are a big fan of Salman Khan and eagerly waiting for his upcoming movie, Wanted, then there is a good news for you. A bench of Justice- B N Agrawal, Justic G S Singhvi and Justic H L Dattu ganted reprieve to producer Boney Kapoor after he agreed to deposit Rs. 20 million with the Bombay High Court as surety. Now, Wanted will be released on September 18, 2009. Sify.com reports:
Senior counsel Mukul Rohtagi told the bench that L.M.B. Holdings Limited, a B4U group company, had in June 2007 given Kapoor an advance of Rs 100 million following a tentative agreement to produce films in a joint venture.
The initial understanding was that Kapoor would return the money within 90 days if the two sides fail to work out the details of the agreement for the joint venture, Rohtagi told the bench.
He added that though the two parties failed to arrive at any firm agreement, his client proceeded on to produce Wanted, which is now slated for release September 18.
L.M.B Holdings asked for the money after one year three months and if Boney Kapoor had failed this time, he would hand over the rights to five of his movies to the company including Wanted. When Boney Kapoor challenged L.M.B’s contention, the Bombay High Court issued an interim order to Boney Kapoor to deposit Rs. 100 million within the court’s registry as security deposit. Rohtagi claimed that the order was illegal and offered to deposit Rs. 20 million in the high court’s registry and asking for permission to release one film that has already been made.