GITS terminates agreement with KriArj over alleged default by production company
GITS has terminated the agreement with KriArj entertainment on 15 Jan 2018 on account of alleged default committed by KriArj.
Defaults include default in payment, bouncing of cheque and bouncing of NEFT; as importantly, also lack of transparency in their dealings.
GITS did not decide to make the contents of termination public. However, KriArj is spreading false & mischievous rumours, playing name-slandering games and wilfully harming the interests of the film. The purported allegations of KriArj are frivolous and have no basis.
GITS states that KriArj’s actions are clearly an afterthought; and have been made only after the agreement was terminated by GITS on account of default committed by KriArj. KriArj has no right of lien or NOC as claimed by them.
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