Thank God! Film lovers can now look forward to have good time next week, as Salman Khan's much-hyped film Wanted, is releasing as scheduled on September 18. The Supreme Court has granted reprieve to producer Boney Kapoor on the financial dispute, and thus paved the way for the release of the film.
The court allowed the release of the film after Boney Kapoor offered to deposit Rs.2 crore with the Bombay High Court as surety.
Salman's Wanted almost failed to see the light of day after L M B Holdings Limited, a B4U group company, claimed the rights to Wanted for an advance of Rs.10 crore paid in 2007 to produce films on joint venture.
Boney started making Wanted before he could strike a deal with L M B Holdings Limited. He was supposed to return the money within 90 days, as they failed to seal the agreement, but he didn't do so. Meanwhile, L M B Holdings Limited demanded the money only after one year and three months, claiming that it would have the rights of at least five films of the producer, including Wanted, if the money is not returned.
The Bombay High Court through an interim order had earlier asked Boney Kapoor to deposit Rs 10 crore with the court's registry as a security deposit. But the producer challenged the order and took the matter to the Supreme Court.