The forthcoming black-comedy is a biopic based on a man from Uttar Pradesh, who was declared dead by the government.
The movie will be produced by Kaushik, along with Chaubey and Honey Trehan's company, MacGuffin Pictures, which recently backed Konkona Sen Sharma's "A Death in a Gunj".
"I am not producing the film alone and have Honey and Abhishek backing it. I said instead of me doing it alone, it's better if young people do it because they do bring in creative inputs. We will produce it together and will plan the right funding," Kaushik told PTI.
The film chronicles the life of a man called Lal Bihari 'Mritak,' who took nearly 14 years to prove that he was alive.
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The 60-year-old director says it was tricky to write the script as the story revolves around a common man, and the film's idea was with him for so long, it became a part of his life.
"The script is now complete. It was tough to weave the script because it is a biopic about a common man, not some known personality. To gather his life and put it in cinema format was interesting.
Kaushik, who last helmed "Gang of Ghosts" in 2014, aims to start the film soon and is looking for actors to cast.