The bank's contention is that the rights of the film had been assigned to it, after the producers borrowed Rs. 1.25 crore from the bank. The bank, on its part, had obtained an order of status quo from the Debt Recovery Tribunal (DRT) on January 2, 2009, which is still continuing. The court has now asked the producers to go back to the DRT and then to the appellate tribunal before approaching the HC.
Speaking about the situation, Nisha Chainani (the proprietor of Eastern Union Entertainment and also the director of 42Kms) says, "The release of the film 42 Kms is postponed as we are yet awaiting final clearance from the High Court, Mumbai regarding our matter with Joint Venture partners Standard Chartered bank."
What remains to be seen is when this film actually gets to see the light of the day or should we say the finishing line!
The makers of the film titled 42 Kms seem to have caught in what one would call as the 'irony of life'. The reason? Well, the release date of their film titled 42 Kms (based on the famous Mumbai marathon) has been postponed. The reason for this postponement is that the film's producers are locked in a battle with Standard Chartered Bank over amounts lent by the bank.