MUMBAI: The Bombay High Court has declared Shree Ashtavinayak Cinevision as defaulters over the non-payment of dues to film financier Raju Shah.

Shah had moved the court after the cheques issued by the production house bounced. He has reportedly claimed dues of Rs 410 million.

The court has also directed the company to come clean about its business dealings and various rights related to its latest film Bol Bachchan scheduled to release on 6th July. According to insiders, the film has been acquired by Fox Star Studios for a whopping price of 720 million.

A trade analyst, on conditions of anonymity, said that the release of the film may not be affected at this juncture since on record the film has already been ‘delivered‘ by the processing lab Reliance MediaWorks Ltd.

It is a common film industry practice these days when an aggrieved creditor approaches the concerned film lab to block the delivery of the film until his dues are paid.

The film is directed by Rohit Shetty and stars Ajay Devgn, Abhishek Bachchan (in double role), Asin and Prachi Desai.