Are Lootera, Singham Returns and several Bollywood movies in trouble? Leading bank issues public notice against production house | Hindi Movie News

A number one financial institution has issued a public disclaimer about makers of a number of movies together with prime motion pictures like Lootera, Singham Returns and plenty of extra, to warning the general public about coping with Phantom movies. The financial institution has claimed that sure securities have been created in favour of the financial institution with regard to those movies and Phantom movies has additionally hypothecated its mental property rights in opposition to a working capital mortgage facility obtained by them.

A nicely positioned supply knowledgeable ETimes that this discover is related to Eclatant Movies and never Phantom Movies straight. The supply mentioned, “This discover is related to Eclatant Movies Pvt Ltd solely. They’ve a separate board of administrators, not associated to present Phantom Movies house owners Madhu Mantena and Sheetal Talwar. Phantom’s operations are impartial because it was revived by Mantena and Talwar.”

Chatting with ETimes earlier about reviving Phantom Movies, Madhu Mantena had mentioned, “After exiting Phantom Movies by promoting our shares to Reliance Leisure, Sheetal and I felt the emotional want to purchase again the Phantom model, the Phantom movies and a number of the property that we love. We hope to see the Phantom model in 2.0 metamorph from a manufacturing firm right into a talent-first Studio which empowers administrators and producers equally.”

Nearly a decade after the discharge of Singham Returns, Ajay Devgn and Rohit Shetty are all set to develop the cop universe. It was not too long ago introduced that the director-actor duo will reunite for the third a part of the action-entertainer titled Singham Once more.

However a supply says {that a} spanner has thus been thrown within the spokes of Singham Once more. ” As a result of this discover applies to the following elements as nicely, Singham usually.” Aage aage dekhen hota hai kya!