Delhi-based Ivy Entertainment, a subsidiary of Ivy Holdings, has filed a petition in the Delhi High Court against Hyderabad-based People Media Factory Pvt Ltd (PMF), the co-producers of the much-awaited Pan-India film, The Raja Saab , as per an article in The Economic Times. The company is seeking a permanent injunction over what it claims are serious breaches of contractual obligations. In its plea, Ivy Entertainment alleged that PMF failed to fulfil several critical commitments, including completing and releasing the film within the agreed timeline, providing monthly production updates, disclosing how funds were being utilized, delivering agreed materials related to the film, and postponing the theatrical release multiple times without justification. The company claims that these breaches triggered termination clauses in the agreements, prompting it to demand a refund of Rs. 218 crores invested in the project, along with 18% annual interest. Ivy entered into a Film Rights Acq...
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