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Masand Gossip of the Week: Dec18

bamboocopter IF-Sizzlerz

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Posted: 18 December 2011 at 7:34pm | IP Logged
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bamboocopter IF-Sizzlerz

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Posted: 18 December 2011 at 7:38pm | IP Logged
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Posted: 18 December 2011 at 8:06pm | IP Logged

...and it's NOT a "promise" it's a THREAT!

Indeed it is, indeed it IS!

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Posted: 18 December 2011 at 8:12pm | IP Logged
Amisha patel 
IHeartDeepika. IF-Sizzlerz
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Posted: 18 December 2011 at 8:17pm | IP Logged
Thanda gossip, yet again. I think the last one is Diya Mirza, the good friend being Zayed.
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Posted: 18 December 2011 at 8:27pm | IP Logged
Female Star: Dia Mirza
 
Partner/Friend : Sahil Sangha
 
Pune Builder: Avinash Bhosale
 
 
This is the guy...
 
 

Avinash Bhosale adds spice to Kamalistan plot

After Bollywood star Preity Zinta, the city's influential real-estate baron Avinash Bhosale has emerged as a player in the controversial dispute over Amrohis' Rs 600-crore property

 
 
Avinash Bhosale
Avinash Bhosale (above) and his office which is the registered address of Sanchita Realty Pvt Ltd
Avinash Bhosale (above) and his office which is the registered address of Sanchita Realty Pvt Ltd
The dispute over Kamalistan Studio, valued at over Rs 600 crore, has taken a new turn.

After the bitter public fight between legendary director Kamal Amrohi's three children and the mysterious involvement of actor Preity Zinta in the dispute, it now emerges that one-third of Mahal Pictures Pvt Ltd, which has controlling stake, has been pledged to Pune's powerful builder Avinash Bhosale. Bhosale, who has enviable political connections, was last in the news for hosting Brad Pitt and Angelina Jolie when they were in Pune for a film shoot.

Kamal Amrohi's eldest son Shandar, who wants to will his share to Preity Zinta and who is at odds with his sister Rukhsar and her son Waseem, has alleged in court that mother and son stole his shares from his house on the pretext of a social visit, and after forging his signatures pledged the shares to Sanchita Realty Private Limited.

The agreement, Shandar has alleged, was signed on February 25 this year.

Sanchita Realty is owned by Bhosale and has its registered office at Bhosale Pavilion, Deccan Gymkhana,  Pune.

When contacted, Bhosale confirmed that the shares had indeed been pledged with his company but refused to elaborate further adding: "The matter is in court now, let that settle, I cannot talk until then."

Bhosale, who used to drive an autorickshaw in the eighties, has scaled dizzying heights since. He now routinely bids for government contracts and is among Pune's largest property developers. He has a palatial mansion in Aundh where he hosts top-notch celebrities and politicians.

It is learnt that Bhosale has, since 2003, been keen on acquiring the 16-acre studio built over a no-development zone area. During Sushil Kumar Shinde's tenure he had even made attempts to get this land converted to a development zone, but failed.

Bhonsale's connection with the Kamalistan controversy is further stirring the pot. On the last hearing of the case in the High Court on Thursday — Shandar's lawyers, Darshan Mehta of Dhruve Liladhar and Company,  senior counsel Navroze Seervai and Dinyar Madon — wanted to know from where Waseem got Rs 40 crore to buy the shares from Shandar and what was the source of Rukhsar's Rs 60 crore that she mysteriously received in her bank account.

Justice R Y Ganoo who heard the case asked the lawyers appearing in the matter if there was a development plan for Kamalistan studio that has been the subject matter of dispute.

Rukhsar has said that the transfer of shares in Waseem's name by Shandar was a genuine transaction which Shandar was now disputing under the influence of Amrohi's other son Tajdar and actor Preity Zinta, who came into the limelight when she started helping Shandar in this case. Shandar has also said he considers the actor as his adopted daughter.

The pledge agreement reads that Rukhsar and Waseem will sell and transfer one lakh square metres slum TDR for Rs 100 crore. If they fail to perform their obligation by August 31, 2010, they will refund the entire amount within seven days and pay further Rs 100 crores in damages to Sanchita.

Another agreement was also executed with Sanchita Realty granting an irrevocable and unconditional option to purchase and acquire the securities for Rs 100 crore.

It is an admitted fact by Waseem that he has pledged 3,600 shares that he allegedly bought for Rs 40 crore from Shandar to Sanchita Realty. Whether Rukhsar has pledged her share or not is the subject matter of dispute.

Waseem Amrohi said that he agrees and stands by the pledge of shares with Sanchita Realty owned by Avinash Bhosale. Rukhsar Amrohi refused to comment on the status of her shares. The case will now come up for hearing on April 9. Till then, HC has asked all the parties concerned to maintain status quo.

The dispute
The dispute, which had first come to light when Shandar filed a case in the Bombay High Court alleging his sister had fraudulently taken over his shares in the parent company Mahal Pictures Pvt Limited, took another dramatic turn this week when Rukhsar responded with an affidavit dismissing his charges and blaming Preity Zinta for influencing him due to "ulterior motives".

Two years ago, in February 2008, the eldest brother Shandar agreed to sell his shares in the company for Rs 40 crore to Kingstar Realtors Pvt Ltd, a firm owned by Mahesh Luthria of the former Sea Rock group. By the time his other siblings learnt about this arrangement, Shandar had already received an initial payment of Rs 3.5 crore from Luthria.

When the Mahal Pictures board took up the matter a few weeks later, they rejected the proposed deal on the grounds that none of the directors had the right to sell their share of the company to an outside party without looking for buyers within the family first.

Later that year, Shandar Amrohi was removed as a director and the deadlock remained until 2010, when Mahesh Luthria finally approached Rukhsar's son Waseem in a bid to get his money back from Shandar. Luthria told Waseem that since he was a member of the family, Mahal Pictures would have no objection if he bought the shares directly from his uncle for Rs 40 crore. In return, Luthria would get the Rs 3.5 crore he had paid Shandar at the time of the agreement.

Waseem and Rukhsar say that the shares were duly transferred and the money paid, but Shandar denies this, saying the shares were stolen from his house.

Waseem and Rukhsar also say that a board meeting was held on February 25 to announce Waseem as one of the new directors of the company, but the other brother Tajdar says such a meeting never took place and has filed a separate case in the High Court

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Posted: 18 December 2011 at 8:28pm | IP Logged
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Posted: 18 December 2011 at 8:50pm | IP Logged
XXX... Could be... Sabh namoone hai...LOL 
 
Regarding Dia there are rumors that Dia's ventures are funded by this Avinash Bhosale, a Pune builder... This news first came out in 2009 after which on and off whispers have been there abt the two and how he has been funding her...

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