Legal battle over 'Welcome Back'

Eros International and Firoz Nadiadwala - makers of the film 'Welcome Back' are apparently locked in a legal battle. The matter is about Rs 30 crores which Nadiadwala owes Eros which is also has the sole and exclusive Internet rights of the film.
However, Nadiadwala's advocate Pravin Desai refuted the allegations. In the latest twist to the story, the legal counsel of Eros issued a notice saying, "The allegations in the Public Notice issued by Mr.Pravin Desai, Advocate on behalf of Base Industries Group in film trade Magazines Super Cinema and Bollywood & TV Reporter dated 23.06.2018 (said Notice) are false, and incorrect. The threats and intimidation therein against Eros in the said Notice are nothing but an ingenious device ploy and stratagem of a chronic defaulter / debtor to coerce, pressurize and intimidate Eros to withdraw its legitimate claim for recovery of Rs.30 Crores against Mr. Firoz A Nadiadwala as stated hereunder in respect of the film Welcome Back. All relevant accounts for the exploitation of the rights of the film Welcome Back in a transparent manner was submitted to Mr. Firoz A. Nadiadwala who never objected to the same. Insofar as the threats and intimidation of Mr. Firoz A. Nadiadwala is concerned Eros may if so advised file appropriate legal proceedings to counter the same. The allegations of Rs. 100 Crores alleged by Mr. Firoz A. Nadiadwala are utterly false. Eros has filed Statement of Claim for the unrecouped amount of Rs.30 Crores against Mr. Firoz A. Nadiadwala of Base Industries Group in respect of the film “Welcome Back” with the Arbitral Tribunal of Sole Arbitrator appointed by Hon’ble Mr. Justice B.P. Colabawalla of Bombay High Court. The matter is thus coram sub-judice before Arbitral Tribunal.”