After a messy legal battle, Bhushan Kumar's T-Series and Prernaa Arora's KriArj Entertainment have reportedly agreed to resolve their differences. The lawsuit had accused Prernaa Arora and her team of acquiring a permanent injunction and declaration in matters of certain rights of T-series. The dispute had led to delays in the release of several films including Shahid Kapoor-starrer Batti Gul Meter Chalu.
According to a report, individuals associated with these companies have established that the two parties are nearing the finalisation of a settlement deed and will submit the same before the courts, where proceedings are ongoing.
In a suit filed before the Delhi High Court, T-Series made a submission that the dispute primarily arose because of certain third party liens that were purportedly being created by KriArj. According to
Ostensibly, KriArj did not possess any right to mortgage, lien or any third party rights in any of the films according to the arrangements that were made between KriArj & T-Series. But it has now come to fore that the two parties have decided under the settlement that KriArj will repay or handle these third party clients from which it had procured funds for the films, independently.
In light of these recent developments, the two parties have reportedly agreed to withdraw the suits that were previously filed. As per a PinkVilla report, both Bhushan Kumar and Prernaa Arora, have confirmed the news of a settlement but have refused to disclose any other information. It has also emerged that Prernaa Arora's production team will be making two new films with T-Series. However, no formal announcement has been made yet.
Comments
0 comment