00:00Can you please tell us about the entire case, what exactly happened and what is the case is happening?
00:09Sure, so this is obviously with regard to the 3quel, Hera Fairy 3 and as everyone knows it's in the making.
00:21Stakeholders had met, confirmed the production of the film.
00:26In fact, Pareshi had tweeted about the film sometime in the end of January, indicating very clearly that he would be associated with it.
00:36Thereafter, there were contracts entered into the shooting for the trailer began.
00:41In fact, there was some portion about 3 or 3 and a half minutes of the film itself had been shot.
00:47And then suddenly in the month of May, a few days ago, we received a notice from Pareshi saying that he is no longer associated with the film and doesn't want to be associated with the film.
01:04So, it's taken everybody by shock and surprise, of course.
01:10But apart from that, I think there will be severe legal consequences.
01:15It's, of course, hurt the franchise.
01:17We have written to him, letting him know that there are, you know, a lot of legal consequences involved.
01:23There have been expenses incurred towards the cast, towards the crew, towards leading senior actors, logistics, equipment, shooting of the trailer.
01:33And once he's entered into a contract, now reneging from it has severe consequences for the film.
01:42There's reputational damage involved for the actors that are committed to the film, the franchise as a whole.
01:49And of course, there's a great deal of disappointment among the audience.
01:53So, we're optimistic that things work out, but as of now, we're facing legal issues.
02:03So, what you're proposing to, I mean, what is the legal course of action that's been taken with regards to this?
02:10Well, at this point, there's some legal communications being exchanged between the parties.
02:15We haven't heard back from Pareshi as yet.
02:18So, we've given him about seven days to respond.
02:23Let's see what we receive.
02:24We also heard that this 25 crore damage, even asked by the authorities, elaborate on that, because there's a lot of news circulating an audit.
02:33Right.
02:34So, these are, like I said, again, damages towards the losses suffered on account of a unilateral pullback from the film.
02:44After having committed, acted upon the contract that he had already entered into.
02:49Of course, the production house, paying senior actors, the production houses incurred its own costs.
02:56Trailers have been shot and released.
02:59So, there's been a substantial amount of money already invested in the film.
03:03Shooting had begun.
03:05Of course, you know, everyone's synchronized schedules are now disrupted.
03:09Professionally, it's affected everyone.
03:12So, we have sent a legal notice.
03:16Let's see.
03:17So far, there's been no development since then.
03:21Okay, but the legal notice also, there have been reports that the legal notice mentioned that 25 crore.
03:26Could you please tell us that exactly it's true or it's not?
03:30It is true.
03:31We have issued a legal notice.
03:32Okay.
03:33And any response from the Parishnava or his stream or his lawyer's stream or something like that?
03:38Nothing as of now.
03:39Nothing as of yet.
03:41Like I said, let's hope things work out.
03:44It's good for all the stakeholders in the film.
03:47It's good for the audience.
03:48It's good for the franchise.
03:49It's a very beloved franchise.
03:51So, let's see what happens.
03:54You said seven days period you guys have looking forward to the response from the...
04:00So, when the seven days is getting over or any...
04:03Maybe in a few...
04:04Maybe two or three days more.
04:05Okay.
04:06Yeah.
04:07Any ideas you want to tell us or you think that's important to be told?
04:10No, nothing at this point.
04:13It's still...
04:14I'm sure parties are talking to each other and trying to work things out.
04:18So, as lawyers, I think we should stay out of it.
04:22Unless we need to really, you know, get involved, we should stay out of it.
