Producer Vashu Bhagnani has been creating headlines due to the ongoing legal dispute over the remake of the iconic song Chunari Chunari for Varun Dhawan’s film Hai Jawani Toh Ishq Hona Hai. Amid this buzz, reports emerged claiming that PVR Inox is set to sue the producer for dues amounting to Rs 100 crore. However, PVR Inox Pictures, through its official social media account, has rubbished these claims.
In a long note, PVR wrote, “We have noted a recent media report concerning PVRINOX Pictures and Mr. Vashu Bhagnani. The contents of the story are misleading and speculative in nature and do not accurately reflect the facts or the nature of the relationship between the parties. PVRINOX Pictures and the Bhagnani family share a longstanding and cordial
professional relationship built over years of collaboration and mutual respect. As with any business partners, commercial transactions and discussions are conducted directly between the parties concerned in the ordinary course of business. We do not believe it is appropriate to discuss the details of any commercial arrangements in the public domain.”
What did the reports claim?
As per Bollywood Hungama sources, “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 crore 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.”
“However, all three films failed to meet box office expectations, folding at around Rs 100 crore 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,” the source stated.
About the Chunari Chunari row
Bhagnani’s Puja Entertainment has reportedly moved the Bombay High Court against Tips Industries Limited, Ramesh Taurani, Kumar S Taurani, and filmmaker David Dhawan. He has accused the parties of using the song Chunari Chunari from his 1999 film Biwi No.1 in Varun Dhawan’s upcoming movie Hai Jawani Toh Ishq Hona Hai without permission.
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