Termination of the agreement by us is valid and
legal..Kriarj has committed material breaches which left us with no choice but
to terminate in the interest of the film..We would like to state that this
extreme step has been taken by us after days of trying to resolve the issues at
hand in the best interest of the release of the film.
We have fulfilled our commitment at every stage of
this project and intimated Kriarj in writing from time to time..We have been
waiting and asking for payments at every stage..our payments have either been
delayed or we have received wrong UTR number. Cheque payments have been stopped
time and again. Delay in payments / non-payments, have caused delays in the
post production work after the film's principal shoot was completed in time and
on schedule last year.
Despite
repeated follow up, the distribution plan for the film has not been shared and
there has been no transparency in their dealings with third parties. We have
till date not been privy to any signed contracts of third parties with Kriarj,
if any.
JA
Entertainment has time and again sat on the marketing campaign and the dates
have been pushed at least 3 times, thanks to
delayed payments. Not only that Kriarj without our approval has gone out and
made statements giving false reasons for the delay.
Our
repeated follow-ups have only been met with false promises to settle the issue,
thus wasting crucial time on the project. The industry knows of the track
record of kriarj..There has been a similar incident in the past with another film
where they have done the same thing.
Given the above, and in the best interest of the
film, we have terminated our contract with KriArj Entertainment Pvt. Ltd. and
will soon announce the release schedule.
any future attempts by Kriarj to jeppardize the
film or defame the production house and / or the film, like they have done in
the past with other films, will compel us to initiate legal proceedings against
them.
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