Vashu Bhagnani has been in the news for the past few weeks after initiating legal proceedings against the makers. If you are young then you have to fall in love On alleged unauthorized use of songs Chunari Chunari and Ishq Sona Hai wife number 1. The producer has claimed that the iconic track has been used without his permission, which is allegedly a copyright violation. Now, has exclusively learned that the veteran producer may face another major legal crisis, this time involving PVR Inox Limited.
Mega Exclusive: Vashu Bhagnani faces a new challenge; PVR Inox Pictures may reportedly initiate legal proceedings over dues worth Rs. Deal for three films worth Rs 100 crore
A source told IHNS, “PVR Inox Limited, which also has a distribution arm PVR Inox Pictures, had arranged for three films with Vashu Bhagnani’s production house, Pooja Entertainment. As part of the understanding, PVR Inox Pictures had reportedly paid around Rs 100 crore as refundable advance to Pooja Entertainment and agreed to the release. Mission Raniganj, Ganpat And big mian small mian. The understanding was that if the films failed to deliver the expected results, Pooja Entertainment would return the outstanding amount.
The source further added, “However, all three films failed to meet box office expectations, and earned around Rs 100 crore at the Indian box office. Subsequently, PVR Inox Pictures has made repeated follow-ups to recover the alleged dues. According to unofficial industry sources, the amount due is believed to be in the range of Rs 50 crore, although this figure could not be independently verified. Despite repeated follow-ups, recovery efforts have failed. “Clearly no positive or impactful results were found.”
As a result, PVR Inox Pictures is believed to be seriously considering initiating legal proceedings to recover the alleged dues. A source told IHNS, “The matter has not yet reached the court, but given that follow-up has not yielded any meaningful improvement, PVR Inox Pictures may take the legal route if a settlement is not reached soon.”
What makes this matter even more dramatic is the alleged settlement offer that was investigated. “Bhagnani is said to have offered around two to three flats in Mumbai in lieu of the alleged dues. However, the offer apparently does not resolve the issue. The value of the flats, even if considered, is believed to be less than the total claim, especially when the interest on the principal amount is taken into account,” the source revealed.
The source further said, “The issue is no longer just about the principal amount. The interest component has also become important. Therefore, even an asset-based settlement may not completely cover the alleged dues unless both the parties reach a revised understanding.”
This development comes at a time when Vashu Bhagnani and Pooja Entertainment are already in the news. With a legal battle over the rights of the song already making noise and another potential recovery dispute now brewing, the coming weeks could prove crucial for the producer and his banner.
Although it is understood that no court proceedings have yet started in the matter, the controversy has certainly created a stir in the business world.
