The Salman Khan-starrer “Wanted” will be released Sep 18 after the Supreme Court granted reprieve to Bollywood producer Boney Kapoor in a monetary dispute.
A bench of Justice B.N. Agrawal, Justice G.S. Singhvi and Justice H.L. Dattu allowed release of the film after Kapoor offered to deposit Rs.20 million with the Bombay High Court as surety.
Senior counsel Mukul Rohtagi told the bench that L.M.B. Holdings Limited, a B4U group company, had in June 2007 given Kapoor an advance of Rs.100 million following a tentative agreement to produce films in a joint venture.
The initial understanding was that Kapoor would return the money within 90 days if the two sides fail to work out the details of the agreement for the joint venture, Rohtagi told the bench.
He added that though the two parties failed to arrive at any firm agreement, his client proceeded on to produce “Wanted”, which is now slated for release Sep 18.