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Rajpal Yadav’s Film Failure at Center of Cheque-Bounce Case
Rajpal Yadav made a comedy film called Ata Pata Laapata in 2012.
He directed it and also acted in it.
The film did not earn much money at the cinema, even though it reportedly cost ₹11 crore to make.
Yadav said in court that the film caused him losses of ₹22 crore.
He had borrowed ₹5 crore to help pay for the film.
Some cheques he gave to repay the loan were reportedly not honoured.
The amount owed later grew to nearly ₹9 crore with interest and penalties.
The article says Yadav appeared before the Supreme Court on Wednesday in the cheque-bounce case.
Rajpal Yadav directed and starred in the 2012 satire comedy Ata Pata Laapata, his directorial debut.
The film reportedly cost ₹11 crore to make and earned a worldwide gross of about ₹42.1 lakh.
Yadav told the Supreme Court that the film caused him losses of ₹22 crore, including ₹17 crore he said he lost on the project.
He borrowed ₹5 crore from Murali Projects Pvt Ltd in 2010 to fund the film, and cheques issued for repayment were reportedly dishonoured.
The debt reportedly grew to nearly ₹9 crore with interest and penalties; the article says the Supreme Court appearance took place on Wednesday.
- Who
- Actor and director Rajpal Yadav; the loan was from Murali Projects Pvt Ltd.
- What
- A cheque-bounce dispute linked to a ₹5 crore loan taken to fund Ata Pata Laapata.
- Where
- The court appearance was before the Supreme Court of India.
- When
- The loan dates to 2010; the film was released in 2012; Yadav appeared before the Supreme Court on Wednesday, with no calendar date specified.
- Why
- The loan was taken to fund the film, and cheques issued toward repayment were reportedly dishonoured after the film failed commercially.
Yadav’s account
Reported loan and repayment
Financial impact of the film
Yadav’s account
Yadav told the Supreme Court that Ata Pata Laapata cost him ₹22 crore overall, including ₹17 crore he said he lost on the film.
Reported loan and repayment
The article reports that he borrowed ₹5 crore to fund the film and that the amount outstanding later rose to nearly ₹9 crore with interest and penalties.
Key facts
- Film
- Ata Pata Laapata
- Release year
- 2012
- Reported production budget
- ₹11 crore
- Reported worldwide gross
- ₹42.1 lakh
- Loan amount
- ₹5 crore, borrowed from Murali Projects Pvt Ltd in 2010
- Reported outstanding amount
- Nearly ₹9 crore, including interest and penalties
- Yadav’s stated loss
- He told the court the total was ₹22 crore and said ₹17 crore was lost on the film.
Quotes
Rajpal Yadav
Actor and director of Ata Pata Laapata
“Yeh Merchant of Venice wala case hai, huzoor. Lekin total ₹22 crore tha. ₹5 crore ne mere ₹17 crore ko 2013 se mitti mein mila diya (This is a Merchant of Venice kind of case, Your Lordship. But the total was ₹22 crore. That ₹5 crore buried my ₹17 crore since 2013.).”
livemint.com
“Ata Pata Laapata mein mera ₹17 crore dooba.”
livemint.com
Sources
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