Tag: Shri Ashtavinayak

  • CCI issues cease & desist order against NIMPA

    CCI issues cease & desist order against NIMPA

    MUMBAI: The Competition Commission of India (CCI) issued an order on Monday against Northern India Motion Pictures Association (NIMPA) directing it to cease and desist from indulging in anti-competitive conduct.

    According to a press release, the order has been issued in a case filed by Shri Ashtavinayak Cine Vision against NIMPA and other film associations alleging inter alia contravention of the provisions of sections 3 (anti-competitive agreements) of the Competition Act, 2002.

    The Commission found NIMPA‘s practices of pressuring the distributors to settle the monetary disputes with its members to be in contravention of the provisions of Competition Act.

    The Commission also directed NIMPA to file an undertaking regarding compliance of its order within a period of 30 days from the receipt of the order.

    As NIMPA was already directed by the Commission in earlier cases to suitably modify its Articles of Association (AoA), rules and regulations and remove the condition of compulsory registration of films as a pre-condition for release, the Commission did not find it necessary to pass similar directions again in the present case.

    The Commission also did not find it appropriate to impose any penalty upon NIMPA in light of the facts and circumstances of the present case.

  • Fox Star to go ahead with release of Bol Bachchan on 6 July

    Fox Star to go ahead with release of Bol Bachchan on 6 July

    MUMBAI: Fox Star Studios is gearing up to release Bol Bachchan on 6 July, even as a film financer has filed a court case with issue of pending news.

    The entire episode stems from the fact that film financier Raju Shah has moved court against Sri Ashtavinayak, alleging they owe him Rs 360 million and had threatened to stop release of the film.

    Fox Star Studios CEO Vijay Singh said, “We are aware of recent media reports, surrounding claims being made by third parties against one of the producers, Shri Ashtavinayak and would say that these are issues between Ashtavinayak and its creditors.”

    No one from Ashtavinayak wished to comment on the issue.

    Fox Star Studios has acquired all rights to the film. “Bol Bachchan couldn‘t have come at a better time. It‘s a hilarious comedy and an end-to-end entertainer, which will leave audiences asking for more. We have already had a great response to the videos, promos, music and trailers which are on air at the moment,” Singh said.

    He added that while the preparations are on for the release, the company is already planning to work with Devgn and Rohit Shetty on more such collaborations in future.