The curious case of John Abraham Entertainment v/s Prerna Arora’s KriArj Entertainment regarding the stakes/claims for the upcoming movie PARMANU : THE STORY OF POKHRAN has got more and more murkier for the producer Prerna Arora and her company KriArj.
In the latest developments the High Court has asked the producers of the movie to either find a solution agreeable to all parties before May 10 or the court will intervene on the terms of release and the cost of P&A (Prints and Advertising) among other things, the hearing to be held tomorrow on May 10 2018.
This could result in the movie getting out of KriArj Entertainment founded by Prernaa Arora and Arjun N Kapoor as it must be recollected that the production company has been alleged for misleading the court with its claims of resolving its issues with JA Entertainment. According to reports Justice Shahrukh Kathawalla during the hearing on Monday learnt that Prernaa’s company was apparently misleading John Abraham Entertainment.
It must be reminded that the financial mess between John Abraham Entertainment and KriArj went ugly when things started appearing in public. It is alleged that Prernaa Arora had signed a `35 crore deal with John’s JA Entertainment, for the production of PARMANU : THE STORY OF POKHRAN which was originally slated for a release on December 8, 2017, but was pushed ahead to February 2018, to avoid a clash with SLB’s PADMAAVAT starring Deepika Padukone, Ranveer Singh and Shahid Kapoor. It is learnt that Prernaa defaulted on clearing the final set of dues in time, John put out a public notice at the end of March stating that he had severed ties with her company.
JA Entertainment moved court on May 2, alleging that Prernaa’s company had defaulted on the consent terms that were agreed upon on April 20 and were signed by all parties involved. Prernaa and her company had agreed to clear dues of Rs 5.65 crore to JA Entertainment, in two parts — one payment each was due on April 27 and 29. They failed to keep their word citing that Protima Arora, the company’s official and only signing authority, was unwell.
A close source on condition of anonymity adds that KriArj has send wrong transfer codes to John Abraham Company and there are complaints from other people from the industry alleging Prerna failing in fulfilling her financial commitments.
On Monday, Producer Prernaa Arora, her mother and KriArj Entertainment’s director Protima Arora and Arjun N Kapoor were present for the hearing along with legal representatives from nearly all parties who have filed case against KriArj for payment defaults. On priority basis, KriArj Entertainment V/s JA Entertainment was taken up first as the fate of the release of the movie PARMANU : THE STORY OF POKHRAN starring John Abraham scheduled for May 25 was at stake.
A close source informs that a few other cases against KriArj Entertainment were to be heard by Kathawalla in the Bombay High Court. Gothic Entertainment V/s KriArj Entertainment, Padma Ispat V/s KriArj Entertainment, and more.
Financers who have invested in KriArj and Parmanu like Gothic Entertainment had also turned up. It is learnt that Gothic Ent had filed case against KriArj under section 138 (of Negotiable Instruments Act) after cheques worth Rs 17.15 cr issued to it, bounced. Moreover, Gothic Ent has also filed a complaint with the Economic Offences Wing (EOW). The copies for the same were submitted in court on Monday.
Gothic Entertainment has alleged that they had invested in KriArj’s multiple movies and as per the mutual agreement between the two companies, their monies were to be repaid before the release of PADMAN, PARI, and PARMANU : THE STORY OF POKHRAN. The dues of Gothic Entertainment are still not cleared and KriArj has to pay Rs 18.32 cr to Gothic which is reportedly the first lien-in-charge over nine films of the former that also includes FANNE KHAN, BATTI GUL METER CHALU and others.
The financiers appealed to the court that their dues should be cleared either before the release of PARMANU : THE STORY OF POKHRAN or first from the film’s revenue. Sources present in court tell us that Justice Kathawalla agreed that the movie should be released and the earnings from it should first be deposited with the court, from which the concerned parties would be paid their dues.
It is learnt that the lawyers from the producers of PARMANU : THE STORY OF POKHRAN Pooja Entertainment, Zee Studios and JA Entertainment had discussed on the best possible solution to release the film on May 25 and how to allocate the money. The next hearing in the said matter is scheduled tomorrow (Thursday, May, 10), when all the concerned parties submit their mutually agreed plan for the film’s release.
Meanwhile KriArj has been asked to file disclosure affidavits, disclose the company’s and directors’ assets and bank details before the court as soon as possible while the date of for the hearing of Gothic Entertainment V/s KriArj Entertainment is scheduled for hearing on May 22, 2018.
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