But Karan rubbishes the rumours, "Not at all! There's no Kuch Kuch Hota Hai or Mohabbatein in this one. Not a moment, not a dialogue, not a scene. It's a completely new script."
There's talk that SRK will enact a significant role in the film, although the news is being kept under wraps. "Shahrukh has undertaken the biggest responsibility of producing the film with Dharma [Karan's production house]. It was very magnanimous of Shahrukh to step forward to produce the film with newcomers. If we don't do it, who will? As far as Shahrukh's screen appearance is concerned, I wouldn't like to commit anything yet. He has been an integral part of my films and will always be," Karan states.
Ever since Shahrukh Khan and Karan Johar launched their new venture Student Of The Year last week, industry people and even those on social networking websites are busy speculating the plotline of the film. Rumours are rife that the film, which stars three newcomers in the lead, is the present-day version of Karan's own Kuch Kuch Hota Hai and Aditya Chopra's Mohabbatein.