Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 1, Cited by 0]

Bombay High Court

Goldmines Telefilms Private Limited vs All In Pictures And Anr on 8 April, 2021

Author: G.S. Patel

Bench: G.S. Patel

          IN TFIE HIGH COURT OF JLIDICATURE AT BOMBAY
                ORDINARY ORIGINAL CIVIL JLIRISDICTION
                          IN ITS COMMERCIAL DIVISION
           COMM. ARBITRATION PETITION NO. 257 OF 2O2I



      Goldmines Telefilms Private       Limited,          )
      A                             the )
          Company, incorporated under
     provisions of the Companies Act, )
     1956, having its registered office )
     at Plot No. 45, Ganpati Bhavan, )
     M. G. Road, Goregaon (West), )
     Mumbai       -400062.                                )              .......Petitioner


                           V/s

     1)     All in Pictures,                          )
            A   Partnership Firm, represented )
            by its     Managing partner,     Mr.      )
            Vijayaraghavendra      T,
                                   having )
            Office at 3C, 2"d Block, Bajaj )
            Apartments, 5th Cross Street, )
           Nandanam Extension, Chennai        -       )
           600    035.                                )

     2)    Vijayaraghavendra      T,                  )
           Managing         Partner of All in         )




1/                                N      I
                                                  )




 ::: Uploaded on - 09/04/2021                                 ::: Downloaded on - 05/09/2021 21:25:38 :::
     Pictures, having Office at 3c,2nd )
    Block, Bajaj Apartments, 5* )
    Cross Street, Nandanam )
    Extension, Chennai - 600 035 )
    and residing at 358, Loganathan )
    Nagar l't, Chennai -600              094. )          .......Respondents


                                        AItD

  IN TT{E HIGH COURT OF JUDICATTIRE AT BOMBAY
      ORDINARY ORIGINAL CIVIL JURISDICTION


          ARBITRATION PETITION NO.147 OF 2021


Goldmines Telefilms Private             Limited, )
A Company,                    the
                   incorporated under            )
provisions of the Companies Act,                 )
1956, having its registered office               )
at Plot No. 45, Ganpati Bhavan,                  )
M. G.         Road, Goregaon (West),             )
Mumbai    -    400   062.                        )           .......Petitioner

                     V/s




                                                               N
     t/                            vr        2




                                                     a                               *-




              ::: Uploaded on - 09/04/2021                         ::: Downloaded on - 05/09/2021 21:25:38 :::
         l)    All in Pictures,                         )
              A Partnership Firm, represented          )
              by its Managing partner, Mr.            )
              Vijayaraghavendra     T,
                                     having )
              Office at 3C, 2'd Block, Bajaj )
              Apartments, 5th Cross Street, )
             Nandanam Extension, Chennai         _    )
             600    03s.                             )

        2)                  T,
             Yljayaraghavendra
                                        )
             Managing partner of All in )
             Pictures, having Office at     3C,2"d )
             Block, Bajaj Apartments, 5* )
             Cross Street,          Nandanam )
             Extension, Chennai     -   600 035 )
             and residing at 35B, Loganathan
                                             )
             Nagar l"t, Chennai - 600   094. )             .......Respondents

                                        AND
        IN THE HIGH COURT OF JUDICATURE AT BOMBAY
            ORDINARY ORIGINAL CIVIL JURISDICTION


                ARBITRATION PETITION NO. I39 OF 2021




                               qV
                6
                                        3




::: Uploaded on - 09/04/2021                         ::: Downloaded on - 05/09/2021 21:25:38 :::
 Goldmines Telefilms Private            Limited, )
A Company,                    the )
                  incorporated under
provisions of the Companies Act, )
1956, having its registered office )
at Plot No. 45, Ganpati                  Bhavan, )
M. G. Road, Goregaon (West), )
Mumbai - 400 062.            )                                   .......Petitioner

                       V/s

 1) All in Pictures,                                   )
       A Partnership Firm, rePresented )
       by its     Managing Partner,              Mr.   )
       Vijayaraghavendra             T,
                              having )
       Office at 3C, 2"d Block, Bajaj )
       Apartments, 5th Cross Street, )
       Nandanam Extension, Chennai                -    )
       600   035.                                      )

  2)                  T,
       Yijayaraghavendra          )
       Managing Partner of All in )
       Pictures, having Office at 3C,2"d )
       Block, Bajaj APartments,                   5* )
       Cross Street,                  Nandanam )
       Extension, Chennai            -      600 035 )
       and residing at 35B, Loganathan )
       Nagar 1", Chennai-600                094.           )   .......Respondents




                                             4                       N
   L




             ::: Uploaded on - 09/04/2021                              ::: Downloaded on - 05/09/2021 21:25:38 :::
                                 CONSENT TERMS



       t.       The parties to the above petitions, have amicably settled
                all disputes in respect ofthe above petitions and in respect
                of other ancillary disputes existing between the parties
               that are mentioned hereinbelow.


      2        The Respondents agree confirm and undertake
                                                              to make
               payment of an amount of Rs. 4,00,00,000/_
                                                         (Rupees Four
               Crore Only) to the petitioner as and by
                                                          way of refund
               along with interest in respect of the rights
                                                            of the films
               "Gorilla", "Gabra" and ..Chittan,,        acquired       by     the
              Petitioner from the Respondent, which shall
                                                          be paid as set
              out hereinbelow.


     3.       The Respondent confirms and accepts that
                                                           the petitioner
              has validly terminated the Deed for
                                                  Transfer of Ownership
              of Copyrights in respect of the said films ..Gorilla,,,
             "Gabra" and ..Chittan',.


    4.       The Respondents undertake to make payment
                                                       of                    Rs.
             3,60,00,000/- (Rupees Three Crore Sixty
                                                     Lakhs Only), to
             the Petitioner on or before the release of
                                                        a Tamil
             Language Cinematograph Film named, ,,Zindabad,,/ ,,Ay
             31" (now titled as ..Border") starring Arun
                                                         Vijay, Regina

                           lil/                   .\uP
                                        sy
                         4




::: Uploaded on - 09/04/2021                     ::: Downloaded on - 05/09/2021 21:25:38 :::
      Cassandra and others. The Respondent undertakes that the

     film "Zindabad'Y *AV 31" (now titled as "Border") shall
     be released no later than 24th June 2021       .




5    In the event that the film "Zindabad"l*AV 31" (now titled
     as "Border") is not released           by    24th June 2021, the

     Respondents shall make payment              of interest @ of 24%
     p.a. on Rs. 3,60,00,000/- (Rupees Three Crore Sixty
     Lakhs Only) from 25'h J:urrre 2021 till payment of the said
     amount of Rs. 3,60,00,000/- (Rupees Three Crore Sixty
     Lakhs Only).


6    The Respondent agrees and confirms that the rights
     acquired by the Petitioner in the film "Zindabad"/ "AV
     31" (now titled as "Border") through Deed ofTransfer of
     Ownership of Copyrights dated 4'h September, 2019 are
     valid subsisting and binding upon the Respondents               and

     that the Respondents undertake to deliver the material and
     content of the film "Zindabad"l "AV 31" (now titled as
     "Border") to the Petitioner within 10 (ten) days of the
     Tamil theatrical release of the film "Zir,dabad"l"AV 31"
      (now titled as "Border") and the Petitioner shall                be

      entitled to exploit the rights acquired by it under the Deed
      of   Transfer      of   Ownership     of   Copyrights dated      4th


      September, 2019, 100 days after the theatrical release            of
      the film "Zindabad"l "AV 31" (now titled as "Border")'




f-
                         5f             6
                                                         |IN




         ::: Uploaded on - 09/04/2021                       ::: Downloaded on - 05/09/2021 21:25:38 :::
                 The Respondents confirm that they have received the
                entire consideration       of Rs. 1,75,00,000/_           which        is
                inclusive of all applicable taxes from the petitioner against
                the Deed of Transfer of Ownership of Copyrights
                                                                    dated 4fr
                September, 2019 for the film ,,Zindabad,,l*AV
                                                              31,, (now
                titled as "Border,,). The petitioner agrees and
                                                                  confirms
                that the exclusive rights of the film namely ,,Zindabad,,/
               "AV 31" (now titled as .,Border,,) for                    remaking,
               producing inro English and,/or Hindi (including
                                                               North
               Indian Regional languages) shall be undisputedly
                                                                                 vest
               with the Respondents.


      7       The Respondents underrake that they
                                                     shall not through
              themselves, their agents or assigns
                                                  or licensees, release
              films namely ,,Zindabad,'        / "AV 31,, (now titled as
              "Border") and ..Sugar',, or any other
                                                    films produced by
              Respondents       and/or individually      by either of            the
              Respondents       where either   of     the Respondents            are
              proprietor/s or partner/s or a director
                                                      and/or are directly or
             indirectly involved theatrically, Satellite
                                                         Broadcasting,
             Pay TV, Pay per View, DTH, DBS,
                                                           Free TV, Intemet
             Rights, Internet protocol Television (IPTV),
                                                          Video on
             Demand which means and includes
                                                             SVOD, FVOD,
             TVOD and any other means of on demand
                                                       modes, Video
             copyrights in all formats, Digital rights
                                                       through any
            means, mediums and/or modes and/or
                                               platforms for the

                               {)y
                                 +     7
                                                    E*


::: Uploaded on - 09/04/2021                        ::: Downloaded on - 05/09/2021 21:25:38 :::
         territory of entire world-, or exploit any rights thereof
        through any means, mediums or modes in any manner
        whatsoever     till the amount Rs. 3,60,00,000/- (Rupees
        Three Crore Sixty Lakhs Only) as envisaged above is paid
        by to the Petitioner.


8       In the event Respondents fails to deliver the material and
        content   in the format and specifications as envisaged
        under Deed of Transfer of Ownership of Copyrights dated

        4'h September, 2Ol9 to the Petitioner within 30 (thirry)
        days    of the Tamil theatrical release of the            film

        "Zindabad"l "AV 31" (now titled as "Border"), till such
        time as the material and content of the film "Zindabad"l
        "AV 31" (now titled as "Border") as specified in the Deed
        of Transfer of Ownership of Copyrights, is delivered to
        the satisfaction ofthe Petitioner       :




         (i) the Respondents undertake that they shall not
                through themselves, their agents or assigns or
                licensees, release films namely "Sugar", or any
                other films produced by Respondents and'/or
                individually by either of the Respondents where
                either of the Respondents are proprietor/s or
                partner/s or a director and/or are directly or
                 indirectly involved theatrically, digitally, through
                 Satellite Broadcasting or on any other platform




    (
                                           tt   v          N


            ::: Uploaded on - 09/04/2021                  ::: Downloaded on - 05/09/2021 21:25:38 :::
                           whatsoever, or exploit any rights thereof through
                          any means, mediums or modes                    in any manner
                          whatsoever and


                (ii)      the Petitioner shall have a first and paramount lien
                          and charge on all resources and assets of the
                          Respondents both moveable and immoveable
                                                                     which
                          the Respondents currently hold/own or
                                                                may acquire
                          at any time in future including but not limited
                                                                          to
                        cash, bank balance, accounts receivable,
                                                                 securities,
                        inventories, moveable and immoveable
                                                                                      assets,
                        tangible and intangible assets, shares
                                                                                   held in
                        various companies, goodwill, rent,                         fixtures,
                       machinery, real estate, flats, offices and
                                                                  any other
                       property including Advances paid
                                                            and recoverable
                       from the Directors, technicians, Amount
                                                                   paid                  and
                       receivable     from exhibitors, theatre                     owners,
                       Advances     paid and recoverable                  from Artists,
                       technicians, Distribution advances paid
                                                               to various
                       producers/right holders and all income,
                                                                               recoveries
                       and realizations, which shall include
                                                             all revenues
                       received and/or to be received by the
                                                                            Respondent
                      from selling/assigning/licensing any and
                                                               all rights
                      whatsoever in the films namely ,,Zindabad,,/ ,,Ay
                     3l   " (now titled   as ..Border,,).



                          t\   Y"
                                                        5*
                               h/            9




::: Uploaded on - 09/04/2021                                ::: Downloaded on - 05/09/2021 21:25:38 :::
     (iiD   The Respondents undertake not to exploit in any
            manner whatsoever either by themselves or through

            their Assignees or their Licensees any                      rights

            through any means, modes and mediums including
            but not limited      to     "satellite Broadcasting, Pay TV'
            Pay Per View, DTH, DBS, Free TV, Intemet
            Rights, Intemet Protocol Television (IPTV), Video
            on Demand which means and includes SVOD'
            FVOD, TVOD and any other means of on demand
            modes, Video copyrights              in all   formats, Digital

            rights through any means, mediums and/or modes
            and/or platforms for the tenitory of entire world in
            the said film "Zindabad"/ "AV 31" (now titled                     as

             "Border") on any platform whatsoever'

9    The Respondents agreed and conhrm that                till   such time as

     the amount Rs. 3,60,00,000/- (Rupees Three Crore Sixty
     Lakhs Only) as envisaged hereinabove is paid by to the
     Petitioner or with interest as set out in clause 5 above                 (if
     applicable) and          till      such time as the          Respondents

     theatrically release the film "Zindabad"l "AV 31" (now
     titled as "Border") as envisaged above the Petitioner shall
     have          and paramount lien and charge on all
             a first
     resources and assets of the Respondents both moveable
     and immoveable which the                     Respondents currently

     hold/own or may acquire at any time in future including

                                                                         Crl"(
                                         10
    q/




         ::: Uploaded on - 09/04/2021                              ::: Downloaded on - 05/09/2021 21:25:38 :::
                 but not limited to cash, bank balance, accounts receivable,
                securities, inventories, moveable and immoveable assets,
               tangible and intangible assets, shares held in various
               companies, goodwill, rent, fixtures, machinery, real
                                                                    estate,
               flats, offices and any other property including Advances
               paid and recoverable from the Directors, technicians,
               Amount paid and receivable from exhibitors, theatre
               owners, Advances paid and recoverable from
                                                          Artists,
               technicians, Distribution advances paid to
                                                                                 various
               producers/right holders and         all
                                               income, recoveries and
               realizations, which shall include all revenues
                                                              received
              and/or       to be received by the Respondent from
              selling/assigning/licensing any and all rights
                                                             whatsoever
              in the films namely ,,Zindabad,' / "Av 31. (now
                                                                titled as
              "Border") and    ..Sugar',
                                         along with any other films
              produced by either of the Respondents
                                                         individually or
             collectively or in collaboration with any other
                                                             party and/or
             body corporate or where the Respondent
                                                             No.                 2 is a
             proprietor or partner or director and./or
                                                       is directly or
             indirectly involved.


    10.      The Petitioner agrees and confirms that
                                                        the Respondents
             shall be entitled to assign and/or create third
                                                             party rights
             in relation to assignable rights, other than the rights
                                                                       d./ *Ay
            assigned to the Petitioner in the said .,Zindaba
                                                                                    3l-
            (now titled as          ..Border',),
                                                   without the recourse or

                               tr
                     r                    ll                5y


::: Uploaded on - 09/04/2021                             ::: Downloaded on - 05/09/2021 21:25:38 :::
       interference from the Petitioner upon execution of these
      terms, however no rights through any means, modes and
      mediums including but not limited to "theatrical rights,
      Satellite Broadcasting, Pay TV, Pay Per View, DTH,
      DBS, Free TV, Intemet Rights, Internet                 Protocol

      Television (IPTV), Video on Demand which means and
      includes SVOD, FVOD, TVOD and any other means of
      on demand modes, Video copyrights in all               formats,

      Digital rights through any means, mediums and/or modes
      and/or platforms for the territory of entire world in the
      said film shall be exploited in any manner whatsoever on
      any platform whatsoever, either by the Respondents or
      their Assignees or their Licensees, till such time as the
      entire payment of. Rs' 3,60,00,000/- (Rupees Three Crore
      Sixty Lakhs Only) or Rs' 3,60,00,000/- (Rupees Three
      Crore Sixty Lakhs Only) with interest is paid by the
      Respondents     to   Petitioner either in terms of clause 4 or    5

      above and all other obligation with regard to release      ofthe
      said film "Zindabad"l'AV 31" (now titled as "Border")
      and delivery of the material and content thereof to the
      Petitioner as set out hereinabove        are fulfilled by the
      Respondents.



11.    The Respondent agrees and undertakes to make payment
       of Rs. 40,00,000/- (Rupees Forty Lakhs Only) to                the

       Petitioner on or before the release ofthe film "Sugar"'

                                                                                      \l
  4/                                    t2

                                                         "r

         ::: Uploaded on - 09/04/2021                      ::: Downloaded on - 05/09/2021 21:25:38 :::
        12.      The Respondents agree and confirm that the Deed for
                transfer of Ownership of Copyrights dated l l,h February
                2019, read, with Deed of Settlement dated 2nd April 2019,
               and Deed of Settlement dated 136 ly'ray 2019, executed
               between the parties, in respect of a Tamil Language
               Cinematograph       Film named ..Sugar,, starring              Trisha
               Krishnan, Simran, Jagapathi Babu and others,
                                                            directed by
               Sumnath Radhakrishnan and produced by the
                                                            Respondent
               No.l    is valid, subsisting and binding on the parties.


      13'     The Respondents agree and confirm that the
                                                         consideration
              for acquisition of rights in the film ..Sugar,, by the
              Petitioner under Deed           for transfer of Ownership of
              Copy.ights dated l16 February 2019, read with
                                                             Deed of
              Settlement dated 2nd April 2019, and Deed
                                                        of Settlement
              dated     l3e May      2019, shall stand modified            to    Rs.
              I,50,00,000/- (Rupees One Crore Fifty Lakhs
                                                          Only) which
             is inclusive ofall applicable taxes.


    14.       The Respondents confirm that they have
                                                        received the
             entire consideration of Rs. 1,50,00,000/_ (Rupees
                                                                               One
             Crore Fifty Lakhs Only)


    15. The Respondents agree and undertake that
                                                 the
            Respondents shall complete and conclude
                                                    shooting               ofthe

                         0v
        k                                l3            5r

::: Uploaded on - 09/04/2021                        ::: Downloaded on - 05/09/2021 21:25:38 :::
       film "Sugar" by 30e June, 2021 and deliver the material
      and content thereof to the Petitioner on or before 31"t
      August,202l.


16.   In the event Respondents fails to deliver the material and
      content     in the format and specifications as envisaged
      under Deed of Transfer of Ownership of Copyrights dated
      llth    February 2079, to the Petitioner on or before 31"
      August 2021, till such time as the material and content of
      the film "Sugar" as specified in the Deed of Transfer of
      Ownership        of Copyrights dated 116 February 2019, is
      delivered to the satisfaction ofthe Petitioner       :




      (i)      the Respondents undertake that they shall not
               through themselves, their agents or assigns or
               licensees, release any other films produced by
               Respondents and/or individually by either of the
                Respondents where either        of   the Respondents are
                proprietor/s or partner/s or a director and/or are
                directly or indirectly involved theatrically, digitally,
                Satellite Broadcasting or on any other platform
                whatsoever, or exploit any rights thereof through
                any means, mediums or modes              in any manner
                whatsoever;




                                                          Q"(
                                           14




            ::: Uploaded on - 09/04/2021                       ::: Downloaded on - 05/09/2021 21:25:38 :::
                 (ii)     the Petitioner shall have a first and paramount lien
                         and charge on        all   resources and assets         of   the
                         Respondents both moveable and immoveable which

                         the Respondents currently hold/own or may acquire
                         at any time in future including but not limited to
                         cash, bank balance, accounts receivable, securities,

                         inventories, moveable and immoveable assets,
                         tangible and intangible assets, shares held
                                                                                          in
                         various companies, goodwill,               rent,     fixfures,
                        machinery, real estate, flats, offices and
                                                                   any other
                        property including Advances paid and
                                                                         recoverable
                        from the Directors, technicians, Amount paid
                                                                     and
                        receivable    from exhibitors,          theatre       owners,
                       Advances      paid and recoverable            from Artists,
                       technicians, Distribution advances paid
                                                               to various
                       producers/right holders and all income,
                                                                            recoveries
                       and realizations, which shall include
                                                             all revenues
                       received and/or to be received by the
                                                                        Respondent
                       from selling/assigning/licensing any and
                                                                all rights
                       whatsoever in the films namely ,,Zindabad,,l *Ay
                       31" (now titled as ,,Border") and ,,Sugar,,
                                                                    along
                       with any other films produced by either
                                                                  of the
                      Respondents individually         or   collectively       or    in
                     collaboration with any other party
                                                        and/or body
                     corporate or where the Respondent
                                                                       No. 2 is       a



                     L         \V                        D*
                                         l5




::: Uploaded on - 09/04/2021                           ::: Downloaded on - 05/09/2021 21:25:38 :::
               proprietor or partner or director and/or is directly or
              indirectly involved;


      (iii)   The Respondents undertake not to exploit in any
              manner whatsoever either by themselves or through
              their Assignees or their Licensees any                  rights

              through any means, modes and mediums including
              but not limited     to     "satellite Broadcasting, Pay TV'
              Pay Per View, DTH, DBS, Free TV, Intemet
              Rights, Intemet Protocol Television (IPTV), Video
              on Demand which means and includes SVOD,
              FVOD, TVOD and any other means of on demand
              modes, Video copyrights             in all   formats, Digital
              rights through any means' mediums and/or modes
              and/or platforms for the territory of entire world in
              the said film "Sugar" on any platform whatsoever',


17.   The Respondent agrees and undertakes to release the film
      "SugaC' either theatrically or on an OTT platform on or
      before 31't August, 202l.The Petitioner agrees and
      confirms that the exclusive rights of the film namely
       "Sugar for remaking, producing into English and/or Hindi
       (including North Indian Regional languages) shall be
       undisputedly vest with the Respondents




                                                                 \il
          t/                     "fl      l6




          ::: Uploaded on - 09/04/2021                           ::: Downloaded on - 05/09/2021 21:25:38 :::
        18.      The Petitioner shall be entitled to exploit the rights
                assigned to it in the film ,,Sugar,' by 1., December 2021,
               irrespective of what is set out in the Deed for transfer of
               Ownership of Copyrights dated l lrh February, 2019.


       19. In the event the Respondents fail to release the film
               "Sugar'for any reason whatsoever by 3l"t August 2021
               the Respondents undertake to and shall
                                                      make payment                  of
               interest @ 24% p.a. on Rs. 40,00,000/_ (Rupees
                                                                Forty
               Lakhs Only) from l,tSeptember ZOZ| till payment
                                                               of the
               said amount of Rs. 40,00,000/_ (Rupees Forty
                                                               Lakhs
              Only).


     20.      The Respondents agree that the Respondents
                                                          shall not
              through themselves, their agents or assigns
                                                                    or   licensees,
              release      the film     .,Sugar,,
                                                    or any other films
             produced/directed by the Respondents
                                                  where either of the
             Respondents are proprietor/s or partner/s
                                                       or a director
             and/or are directly       or indirectly involved theatrically,
             Satellite Broadcasting, pay TV, pay per
                                                     View, DTH,
             DBS, Free TV, Internet Rights, Internet                     protocol
            Television (IPTV), Video on Demand which
                                                     means and
            includes SVOD, FVOD, TVOD and any
                                                 other means of
            on demand modes, Video copyrights in all formats,
            Digital rights through any means, mediums
                                                       and/or modes
            and/or platforms for the territory of
                                                  entire world , or

                   Qy          e"rr,
                                         17
                                                       *y


::: Uploaded on - 09/04/2021                        ::: Downloaded on - 05/09/2021 21:25:38 :::
       exploit any rights thereof through any means, mediums or
      modes        in any manner whatsoever till the amount
      Rs.40,00,000/- (Rupees Forty Lakhs Only) as envisaged
      above is paid       by to the Petitioner.


21.   The Respondents agreed and confirm that           till   such time as

      the amount Rs. 40,00,000/- (Rupees Forty Lakhs Only) as
      envisaged hereinabove is paid by to the Petitioner or with

      interest as set out in clause 19 above         (if applicable)     and

      till   such time as the Respondents theatrically release the
      film "Sugar"        as envisaged above, the Petitioner shall have

      a first and paramount lien and charge on all resources and

      assets    of the Respondents both moveable and immoveable
      which the Respondents currently hold/own or may acquire
      at any time in future including but not limited to                cash,

      bank balance, accounts receivable, securities, inventories'
      moveable and immoveable assets, tangible and intangible
      assets, shares held           in various companies, goodwill,      rent,

      fixtures, machinery, real estate, flats, offices and any other
      property including Advances paid and recoverable from
      the Directors, technicians, Amount paid and receivable
      from exhibitors, theatre owners' Advances paid and
       recoverable          from Artists, technicians,          Distribution

       advances paid to various producers/right holders and all
       income, recoveries and realizations, which shall include
       all revenues received and/or to be received by the


      tu                                    18
                                                       $r\                                eil{




             ::: Uploaded on - 09/04/2021                        ::: Downloaded on - 05/09/2021 21:25:38 :::
                 Respondent from selling/assigning/licensing any and all
                rights whatsoever in the film.,Sugar,' along with any other
                films produced by either of the Respondents individually
                or collectively or in collaboration with any other party
               and,/or body corporate or where the Respondent
                                                              No. 2 is a
               proprietor or partner or director and./or is directlv
                                                                     or
               indirectly involved.


      ))       The Petitioner agrees and confirms that the
                                                              Respondents
               shall be entitled to assign and/or create third party
                                                                     rights
               in relation to assignable rights, other than the rights
               assigned to the petitioner in the said    film   ..Sugar,
                                                                           without
              the recourse or interference from the petitioner
                                                                              upon
              execution of these terms, however no rights
                                                              through any
              means, modes and mediums including
                                                         but not limited to
              "theatrical rights, Satellite Broadcasting, pay
                                                              TV, pay per
             View, DTH, DBS, Free TV, Internet Rights,
                                                       Intemet
             Protocol Television (IPTV), Video on
                                                  Demand which
             means and includes SVOD, FVOD,
                                                      ryOD       and any other
             means      of on demand   modes, Video copyrights              in   all
             formats, Digital rights for the territory
                                                        of entire world in
            the said film shall be exploited in any
                                                      manner whatsoever
            on any platform whatsoever, either by
                                                      the Respondents or
            their Assignees or their Licensees, till
                                                        such time as the
            entire payment of. Rs.   4O,OO,OOO/_or Rs. 40,00,000/_ with
            interest is paid by the Respondents
                                                 to petitioner either in

                        o[y
                                       t9
                                            k        *




::: Uploaded on - 09/04/2021                       ::: Downloaded on - 05/09/2021 21:25:38 :::
       terms   of clause 1l or 19 as set out hereinabove                  are

      fulfilled by the Respondents.


23.   The Respondents agree and confirm that should                      the

      Respondents,      fail to   release the    film "Sugar" theatrically
      or on an OTT platform by I't                  December 2021, the
      Petitioner shall at their sole discretion be entitled to
      terminate     the Deed for transfer             of   Ownership of
      Copyrights dated        lls February 2019,tead with Deed of
      Settlement dated 2nd April 2019, and Deed             of Settlement
      dated l3th May 2019, in respect of the Film "Sugar"'


24.   In the event the Petitioner terminates Deed for transfer of
      Ownership of Copyrights dated I l'h February 2019, read
      with Deed of Settlement dated 2nd April 2019, and Deed
      of Settlement dated 13fr May 2019, in respect of the film
      "Sugar", the Respondents shall immediately on being
      intimated of the termination shall forthwith without
      demurer make payment                    of the said amount of       Rs'

       1,90,00,000/- and interest thereon @24% P'A' from                   8'h

       April,202l till payment and/or realization'


25.    In the event the Respondent fails to make payment of Rs'
       1,90,00,000/- and interest thereon @ 24o/o            P'A' from 8'h
       Apil,2O2l till payment and/or realization:




L\.                                      20
                                                    ,v                         hv




          ::: Uploaded on - 09/04/2021                          ::: Downloaded on - 05/09/2021 21:25:38 :::
                 (D       the Respondents undertake that they shall not
                         through themselves, their agents or assigns or
                         licensees, release the   film Sugar or any other films
                        produced by Respondents and/or individually by
                        either of the Respondents where either of the
                        Respondents are proprietor/s          or partner/s or            a
                        director and/or are directly or indirectly involved
                        theatrically, digitally, Satellite Broadcasting or
                                                                                     on
                        any other platform whatsoever, or exploit any
                                                                      rights
                        thereof through any means, mediums or
                                                                  modes in
                        any manner whatsoever and


              (ii)     the Petitioner shall have a first and paramount
                                                                       lien
                       and charge on     all   resources and assets           of   the
                       Respondents both moveable and immoveable
                                                                  which
                       the Respondents currently hold/own or may
                                                                 acquire
                       at any time in future including but not limited
                                                                       to
                       cash, bank balance, accounts receivable,
                                                                securities,
                      inventories, moveable and immoveable
                                                              assets,
                      tangible and intangible assets, shares held
                                                                                    in
                      various companies, goodwill, rent,                   fixtures,
                      machinery, real estate, flats, offices and
                                                                 any other
                      property including Advances paid and
                                                                      recoverable
                      from the Directors, technicians, Amount paid
                                                                   and
                     receivable     from exhibitors, theatre owners,
                                         A
                                Xtl      2t           V

::: Uploaded on - 09/04/2021                          ::: Downloaded on - 05/09/2021 21:25:38 :::
                 Advances paid and recoverable from Artists,
                technicians, Distribution advances paid to various
                producers/right holders and all income, recoveries
                and realizations, which shall include all revenues
                received and/or to be received by the Respondents
                from selling/assigning/licensing any and all rights
                whatsoever in the films namely "Zitdabad"l "AY
                31" (now titled as "Border") and "Sugar" along
                with any other films produced by either of the
                Respondents individually            or     collectively   or   in

                collaboration with any other party and/or body
                corporate      or where the Respondent No' 2 is                 a

                proprietor or partner or director and/or is directly or
                indirectly involved.


    26   The above Petitions are disposed          offin   the above terms

         with no order     as to costs.




                       *-orApr,2o2r                    5t'            i\V
A         Datedthis



    M/s. Jhangiani, Narula
    And       iates.,

                                                            DIS
                                                  Mr. Divya Kumar Kabra
    Advocates                               (Authorized Signatory of Petitioner)




                                            22                                 til\




             ::: Uploaded on - 09/04/2021                           ::: Downloaded on - 05/09/2021 21:25:38 :::
                                                                                                            :

                                                               FoTALL lN PICTUREq,.
     M/s. Mehta & Girdharlal.,
                                                                                m*lcoaf
                                                                               I
         Proprietrix
                                                                                       ,D*t
             ^y
     Advocates for the Respondents
                                                                         All in Pictures
                                                                                        tNo.l




                                                                         ..kn:,
                                                                         Vijayaraghavendra T
                                                                                                     t




   y:\sonrm\cesc-gtpl   v. .ll itr picturedconsent terms\gtpl_rll in   pics_coas€nt lerms_257.docr




                                                          23




::: Uploaded on - 09/04/2021                                                 ::: Downloaded on - 05/09/2021 21:25:38 :::
     aSRUTCtg Ht            JJAroi
I
    Ytolmg€ bser:ort rA




           ::: Uploaded on - 09/04/2021   ::: Downloaded on - 05/09/2021 21:25:38 :::
                            co[bvnilres utefitvns Put. LtD.
            Plot No. 45, Ganpati Bhavan, M. G. Road, Goregaon (Wsst), Mumbai - 400 062.
                                                          .

CIN : U30007MH2000PTC123494 Web: www.goldmines.co.in Email : [email protected], inlo @ goldmines-co.in . Tel.: ZUq ASSS t ZAZC gOOt CERTIFIED TRUE COPY OF TIIE RESOLU'TION PASS D BY THE BOARD OF DIRECToRS oF GoLDMIITTES TELEFILMS pRrvATE LIMITED oN 3RD DAV or DECEMBER,2020 AT 601-A/l & A2, RwINc,6rt FLooR, {'.4LM couRT.M'pREIvIIsEs CHS LTD., ABOVE D MART, LINK ROAD, MALAD (W), MltjytltAl 40003{ GENERAL AUTHORITY TO MR, DTVYA KUMAR KABRA (ii{ BEIIALF OF GOLDMINES . TELEFILMS PRIVATf, LIMIETD *RES0LVED TIrAT consent ofthe Board be and is hereby accorded to appoint Mr. Divya Kumar Kabra, employee of the Compann as an authorized representative of Goldmines Telefilms Private Limited, to execute and sign various documents such as Petition, Plai[t, rvritten statement, counter applications, statement of claim, statement of Defence, counter r:laim, vakalatnama, lispendence, reaffirmation of affidavits, affidavits including affrdavit of evidence, documents, declarations, tteeds, or any other document including consent terms, Additional Affidavits, ArbiFation Petitions, Arbitration Applications, Arbitration Appeals in the High Cour/Sr,preme Coun of India o1 behalf of the Cornpany.

RDSOLVED FURTIIER THAT Mr. Divya Kumar Kabra be an.j is h,:rehy authorized to do all such acts, deeds, matters and thiugs as may lrc cousidered necessary, desi:..ririe orexpcdient to give effect to this lesolution.

FURTEER RESOLVED TIIAT Directorc of the Company bc anii i:ru hercLry severally authorised to issue Certified True Copy of the aforesaid resotution to raiiou. cur ir ies/persous as and wheu deemed necessary."


 For Goldmines Tclefilms Private      Limiterl




 Ulka Shrh
 Director
 DIN:00434277                                                                 BCO

Date ofissue: Decenrber 03,2020 Place: Mumbai .A dOE CD ::: Uploaded on - 09/04/2021 ::: Downloaded on - 05/09/2021 21:25:38 ::: .REGo. A0OREa:r f3tB. t.r LOGAfJATHAT,| TJAGAR I CHOOLAIMEOU, CH€I,INAI.600094 'TREET.

MAiL: attinpicturi.prlagmait.c.m m PXf;TUfi ES I,hereby authorized Mr T Vijayaraghavendra S/o Mr R Thirumalai, partner to represent the firm and to execute and do the following acts in connecuon with commerciar arbitration proceedings fired by Gordmines Tiefirms private Limited against Alr in Pictures 1' To appoint advocatd and sign vakalatnama on behalf of the firm and negotiate, settle, withdraw and compiomise any or all the aioresaia proceedings and to execlte,-sign any or all deeds or documents including consent terms before the Hon'ble Bombay High Courl and to do all such other acts and ake all steps as are necessary and expedient in the said proceeding/s The aforesaid power herein granted in respect and on beharf of the firm against Goldmines Telefilms private Limited For AII in Pictures rTl Po" --rb Mrs T Partner Dated: 6tr April, 2021 TR P TE RroH c$uir. iovrAl ::: Uploaded on - 09/04/2021 ::: Downloaded on - 05/09/2021 21:25:38 ::: IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY OzuGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMM. ARB. PETITION NO. 257 OF 2021 And ARB. PETITION NO. 147 OF 2O2I And ARB. PETITION NO. 139 OF 2O2I Goldmines Telefi lms Private tt?:l;,1."., Versus All in Pictures & Anr Respondents CONS ENT TERMS Dated this day of April, 2021 q Advocates Code: 128665 M/s. Jhangiani, Narula And Associates', Advocates for the Petitioner, Block No. 20, 5'h floor, "Raj Mahal", 84, Veer Nariman Road, Churchgate, Mumbai 400 020.

25 ::: Uploaded on - 09/04/2021 ::: Downloaded on - 05/09/2021 21:25:38 :::