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!
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