Cine1 vs. T-Series animal legal battle: Murad Khetani appears in Delhi court : Bollywood News
bollywood hungama We have learned exclusively that Cine1 Studios has moved the Delhi High Court seeking a stay on the OTT release of the Ranbir Kapoor-starrer film. animal. We know from sources that senior counsel Amit Sibal, who is representing T-Series in ongoing legal proceedings involving Murad Khetani and T-Series regarding the alleged concealment of amendments to the main contract. He made several persuasive arguments in court. court.
First, he argues that the current lawsuit is premature, as the 70-day period from theatrical release on December 1, 2023 has not yet passed, so there is no need to share revenue statements with Cine1 at this time. He claimed that.
Sibal further said that for four years, Cine1 failed to make timely efforts to seek information about costs and allowed the film to be released without objection. He added that Cine1 is well aware that these costs are incurred in the normal course of things, and that T-Series has never denied access to its financial statements or third-party contracts, and that Cine1 has never denied access to its financial statements or third-party contracts. He claimed to be open to sharing.
Industry sources also said, “In the case of Animal, it is traditional trade practices that T-Series is following. We also first learned that the costs will be covered by P&A and OTT payments will be made only after six months. “And it’s only been a month.” It’s been a month and a half since the release of the movie ‘Also T Series’, and there is no doubt that he will honor his promise of profit sharing. So why is Cine1 in such a hurry? ”
For those still unresolved, the next hearing will be held on Thursday, January 18th.
Also read: Ranbir Kapoor starrer Animals faces legal rebuke: Co-producer Cine1 Studios sues T-Series. Call for continuation of OTT releases
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