Vashu Bhagnani has been in the news over the past few weeks after initiating legal proceedings against the makers of Hai Jawani Toh Ishq Hona Hai over the alleged unauthorised use of the songs Chunari Chunari and Ishq Sona Hai from Biwi No. 1. The producer has claimed that the iconic tracks have been used without his authorisation, allegedly amounting to copyright infringement. Now, Bollywood Hungama has exclusively learned that the veteran producer may be staring at another major legal flashpoint this time involving PVR Inox Ltd.
MEGA EXCLUSIVE: Vashu Bhagnani faces fresh heat; PVR Inox Pictures likely to initiate legal proceedings over alleged dues from Rs. 100 crore three-film deal
A source told Bollywood Hungama, “PVR Inox Ltd, which also has a distribution arm PVR Inox Pictures, had entered into a three-film arrangement with Vashu Bhagnani’s production house, Puja Entertainment. As part of the understanding, PVR Inox Pictures had reportedly paid around Rs. 100 crores as a refundable advance to Puja Entertainment and agreed to release Mission Raniganj, Ganapath and Bade Miyan Chote Miyan. The understanding was that if the films failed to generate the expected results, Puja Entertainment would refund the outstanding balance.”
The source continued, “However, all three films failed to meet box office expectations, folding around Rs. 100 cr. at the India box office. Following this, PVR Inox Pictures is said to have made repeated follow-ups for recovery of the alleged outstanding amount. As per unofficial industry sources, the amount due is believed to be in the range of around Rs. 50 crores, though this figure could not be independently verified. Despite repeated follow-ups, the recovery efforts apparently did not yield any positive or impactful result.”
As a result, PVR Inox Pictures is now believed to be seriously considering initiating legal proceedings to recover the alleged dues. A source told Bollywood Hungama, “The matter has not yet reached
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