Balaji Telefilms, the producer of the famous women centric serial “Kyunki Saas Bhi Kabhi Bahu Thi” (Kyunki), has clarified that the dismissal of review petition by the Bombay High Court on November 3 and a division bench of the Bombay High Court again on November 07, would not affect its other activities.
With reference to the earlier annoucement dated on October 20, 2008, regarding SGL Entertainment (part of the Star Group), had issued a notice for the termination, with effect from November 10, 2008, of sourcing content and telecasting of the program Kyunki produced by Balaji Telefilms has now informed BSE that, the company being of the view that the termination is in breach of contractual obligations owed by the Star Group, filed a petition in the Hon'ble Bombay High Court inter alia seeking ad interim relief restraining the Star Group from acting pursuant to the aforementioned notice for termination pending resolution of the dispute through arbitration in the manner agreed between the company and the Star Group.
Petition filed by the Company was dismissed by a single Judge of the Bombay High Court on November 03, 2008. An appeal filed against that order was dismissed by a division Bench of the Bombay High Court on November 07, 2008, the company said in a BSE filing.
Consequently, Kyunki is no longer telecast on the television channel "Star Plus" and SGL Entertainment has ceased procuring content for Kyunki, with effect from November 10, 2008.
Kyunki was one of the 6 programmes produced by the company (which continues to produce the other 5 programs) for the Star Group and generated significant revenues for the company.
The notice for termination pertains only to Kyunki and does not affect the other programmes produced by the company for the Star group. The company also produces 2 serials for 9X and one for Zee TV and is also producing 2 serials that will be launched on NDTV Imagine in this quarter. The company continues to pursue legal remedies available to it in respect of the termination.
