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Time for Shree Ashtavinayak Cine Vision Ltd to pull down the shutter for their business

shree ashtavinayak cine vision

What is common in the hit movies like the Golmal Series, Bol Bachchan and Jab We Met? Well, all these movies were created by the popular production company called Shree Ashtavinayak Cine Vision Ltd. As per recent reports, the company has been asked to stop doing the trade by the NSE Members. The company has been suspended to do any business with effect from 20th June 2014. Also, you have the Bombay High Court appointing a liquidator when four different petitions were filed by companies like IDBI, Apna Ghar Housing & Finance, Sprite Investment and Eros International against the company.

As per sources, the company has been involved in playing certain phony games in the market with its shareholders, which eventually have incurred heavy losses to certain stakeholders. Many have stopped investing in the stocks of this production house, there are many who have invested in their different films including Dhiren B Sanghavi of Vidhi Securities Pvt.Ltd who was reported investing 25 crores, however, they production house simply dodged the company to eat the entire junk of their investment. In fact, there are hordes of incidences when the company head of Ashtavinayank – Dhilin Mehta was put under scanner either by the court or by the police. Considering the chaos he has done so far in the company, he was forced to resign. Perhaps as of now, the company is all set to put its shutter down as its no more business time for the unethical people in the industry.

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