Kriarj Entertainment Reaches An Amicable Solution With Gothic Entertainment
“We are in the process of filing a petition against a specific print media publication in the appropriate court of law to seek an injunction against them for misleading & printing a false media report in their publication”, declares KriArj Entertainment, which has issued a long statement expressing their disappointment over recent reporting pertaining to the dispute with Gothic Entertainment. From the time they came into being, KriArj has enjoyed a cordial relationship with the media. Producer Prernaa Arora’s spate of legal troubles, though, has perhaps taken a strain on this relationship. While the matter is sub-judice, KriArj Entertainment is pained at recent inaccurate, fabricated reports in some publications that are causing great stress to the company. “We are conscious of freedom of speech and expression under the constitution of India but Article 19 of the constitution itself speaks of reasonable restriction of such freedom. If any article crosses or makes a deliberate deceptive reporting, it is well within the constitutional framework to seek an injunction against the particular medium, further rightfully restricting its reporting to the true and correct outcome of judicial proceedings,” Rishabh Saraf said.
Prernaa Arora, a passionate individual who never could think beyond her creativity and not participate as a ‘Business Woman’, a Director or a shareholder at KriArj, however, took all work done under KriArj Entertainment extremely professionally and seriously. An official representative for Prernaa Arora informed us that she is contemplating seeking an injunction order against the wrong, half-baked articles and for misguided reporting pertaining to the legal cases the company is mired in.The civil case is in relation with the investment by Gothic Entertainment to the tune of Rs. 29.25 cr during 2016-17 and 2017-18. KriArj reiterated its stance of no wrongdoing in the matter pertaining to Gothic Entertainment. KriArj Entertainment Pvt Ltd has undisputedly paid a total of Rs. 40.88 Cr at a staggering 60% p.a., which amounted to well over and above the principal investment. This was done only to honour the agreement between the parties. Gothic Entertainment is just a mere investor who had on interest basis given financial loan to M/s KriArj Entertainment Pvt Ltd. “Every penny of the principal amount [of Gothic Entertainment] has been repaid plus a surplus payment of interest amounting to Rs. 11.63 crore, at a staggering interest of 60% p.a. In addition to this, with a view to end the dispute between the parties, both KriArj and Gothic have entered into consent terms and amicably agreed for a full and final payment of Rs 3 crores in the Honorable High court,” KriArj clarified in its statement. *Moreover, there is approx. 15 crores and some audits pending that KriArj needs to call for and receive from people within the industry.*
Be it the civil case with Gothic Entertainment or the previous legal matter with a senior producer in the industry, Arora felt that matters have been ridiculously misinterpreted. Her representative revealed, “Nobody bothered to know what the dispute was really about; instead there was only vengeance from a set of people trying to write everything but the truth. The said dispute was on a flat in Bandra, and distribution rights and a lot of entities creating misunderstandings. People have taken advantage of the dispute between Prernaa and the said producer and blown it out of proportion. Prernaa has a lot of respect for the other party. The matter is sub-judice in the Honourable High Court. We have moved for quashing as all the dues in the matter have been duly paid. Prernaa has full faith in the judicial system and truth shall prevail.”
Her representative continued, “Prernaa Arora is a visionary and her only priority is to work and make her visions come alive, bringing out great cinema – Rustom, Pad-man, Toilet Ek Prem Katha, Pari, etc., that received National Awards, great success and acknowledgments because it was with passion, vision and honesty. Prernaa hadn’t expected, planned or decided the success of the films; she just gave it her heart and soul. As a single woman, she has shouldered tremendous responsibilities. After 9 months of suffering life and death, she came back with only one purpose – to single-mindedly focus on work and strive to better her career, her and her family’s lives. She believes in working hard in silence, letting her success make all the noise.”