Nation Current Affairs 26 Jun 2016 Chennai city court i ...

Chennai city court issues arrest warrant against film producer Firoz A Nadiadwala

DECCAN CHRONICLE.
Published Jun 26, 2016, 6:32 am IST
Updated Jun 26, 2016, 7:05 am IST
A city based film financier, in 2011 Nadiadwala had borrowed Rs 2 crore from him for producing a film titled Power.
Representational image
 Representational image

Chennai: A city court has ordered issuance of arrest warrant against Hindi film producer Firoz A Nadiadwala in connection with a cheque bounce case.

The XVII Metropolitan Magistrate, Saidapet, ordered issuance of warrant, directing the inspector of police, Juhu police station in Mumbai to arrest Nadiadwala and produce him before the court on June 27. “If Nadiadwala furnishes one surety before the court, he may be released”, the magistrate added.

 

According to the complainant Nirmal Kumar Maheswari, a city based film financier, in 2011 Nadiadwala had borrowed Rs 2 crore from him for producing a film titled Power. However, the film was never made and released. Therefore, they entered into an agreement in September 2013 that Nadiadwala would pay Rs 5.4 crore towards principal and interest to Maheswari, before the release of his next film Welcome Back, starring John Abraham. However, in July 2015 a public notice was issued in the media announcing that all copy rights, title and other rights were to be sold to another company and that people having objections could lodge the same. Accordingly, he lodged his protest.

 

However, before release of the movie, Nadiadwala approached him and issued another letter stating that Eros International would pay Rs 2.5 crore and he would pay Rs 50 lakh before September 2015 and the remaining would be paid before the release of his next film titled Hera Pheri-3. Since Eros International did not pay Rs 2.5 crore and the cheques issued by Nadiadwala for Rs 2.5 crore were returned for want of sufficient funds, he filed the present complaint, Maheswari added.

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