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on 2007/2/13 2:47:02
Mehul Kumar, the producer-director of films like 'Krantiveer', 'Mrityudaata' and 'Tiranga', was summoned by a Mumbai court to personally appear on Feb 17 after his cheques to a film producer bounced. The metropolitan magistrate issued summons to Kumar, proprietor of M.K. Pictures, after his cheque worth Rs.14 million (Rs. 1.4 crores) bounced.
Kumar had borrowed Rs.60 million from Jayantilal Gada, the director of Popular Entertainment Network Ltd (PEN), in April 2000 for producing films. But he invested the money in building a property Mehul Multiplex in Jamnagar, Gujarat. When asked to return the money, Kumar first refused having borrowed the money, but later the matter was settled in the form of an MOU signed on Oct 20, 2005, between the two.
According to the MOU, Kumar would give possession of Mehul Multiplex to Gada or raise loans to pay him 90 percent of the total loan amount before Feb 28, 2006. Kumar had issued post-dated cheques worth Rs.160 million inclusive of interest and instalments up to the period of March 2010 of but none has been honoured.
The summons were sent after Gada filed 12 criminal complaints against Kumar. The case is in Bandra Metropolitian court no. 21 and the hearing will be on Feb 17.
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