REVEALED: Haunted – Echoes Of The Past got NCLT nod for June 12 release; makers directed to deposit all revenues in separate bank account
On June 10, the National Company Law Tribunal (NCLT), Mumbai Bench III, permitted the release of Vikram Bhatt's horror film Haunted – Echoes Of The Past on June 12, even as the project remains embroiled in an insolvency-related legal dispute. However, the Tribunal has imposed strict conditions to safeguard the interests of the ongoing Corporate Insolvency Resolution Process (CIRP). The order was passed in connection with proceedings involving K Sera Sera & Vikram Bhatt Studiovirtual World Pvt. Ltd. and Hare Krishna Media Tech Pvt. Ltd. While hearing the matter, the NCLT noted that the Resolution Professional (RP) had sought to restrain the film's release and prevent the creation of third-party rights in the movie. The Tribunal also allowed the RP to implead four additional respondents in the matter and directed them to file their replies before the next hearing. A Resolution Professional is an insolvency professional appointed by the NCLT to manage the affairs of a company...
