The rom-com stars Vivek Oberoi and Neha Sharma and is directed by Vinnil Markan.
"We are happy to announce our next venture 'Jayanta Bhai Ki Luv Story' will release 14th February 2013. Since the film is a heartwarming gangster's love story we found Valentine's Day to be ideal for the release of the film," Taurani said.
The film follows a gangster's love story and Markan says "it is not a westernized clone but a true Indian rom-com that's light hearted, sensitive and entertaining."