Dream Warrior Pictures, an Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against Reliance Entertainment Studios Pvt. Ltd. The application was based on a Remake Rights Agreement where Dream Warrior Pictures assigned remake rights of their film 'Kaithi' to Reliance Entertainment Studios.
Dream Warrior Pictures released the film 'Kaithi' and owned the copyright.
A Remake Rights Agreement was executed between Dream Warrior Pictures and Reliance Entertainment Studios for a Hindi remake.
Dream Warrior Pictures assigned 50% of remake rights to Reliance Entertainment Studios and granted the right to appoint Ajay Devgn FFilm Productions LLP as an Additional Producer.
The total amount claimed to be in default was Rs. 5,93,36,438/-.
The date of default was mentioned as 29.04.2023 for Assignment Fees and 29.05.2023 for Additional Fees.
Reliance Entertainment Studios paid Rs. 1,00,00,000/- to Dream Warrior Pictures.
Dream Warrior Pictures issued a legal notice and a demand notice under Section 8 of the IBC.
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C.P.(IB) No.156/MB/2025…
Tribunal issued an…
Dream Warrior Pictures, an Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against Reliance Entertainment Studios Pvt. Ltd. The application was based on a Remake Rights Agreement where Dream Warrior Pictures assigned remake rights of their film 'Kaithi' to Reliance Entertainment Studios.
Dream Warrior Pictures released the film 'Kaithi' and owned the copyright.
A Remake Rights Agreement was executed between Dream Warrior Pictures and Reliance Entertainment Studios for a Hindi remake.
Dream Warrior Pictures assigned 50% of remake rights to Reliance Entertainment Studios and granted the right to appoint Ajay Devgn FFilm Productions LLP as an Additional Producer.
The total amount claimed to be in default was Rs. 5,93,36,438/-.
The date of default was mentioned as 29.04.2023 for Assignment Fees and 29.05.2023 for Additional Fees.
Reliance Entertainment Studios paid Rs. 1,00,00,000/- to Dream Warrior Pictures.
Dream Warrior Pictures issued a legal notice and a demand notice under Section 8 of the IBC.
…C.P.(IB) No.156/MB/2025…
Tribunal issued an…