Additional sessions judge A.Z. Khan observed, “However, there is no material on record to show that there was any element of deception, manipulation, fraud and embezzlement of funds… from the very inception of the investment, as alleged.”
Taneja had reportedly invested Rs 40 crore in Himesh’s debut film as actor, ‘Aap Ka Suroor’.He alleged that he never received DCRs of the film or reports of its business or profits, as agreed upon.
Himesh’s team submitted that all documents, account statements and information in respect of expenses and revenues, including losses, were communicated to Taneja. They also clarified that he had received Rs 2.27 crore as full and final settlement and had agreed not to make any further claims.
The judge was reportedly quoted as saying, “…documents filed by both parties clearly read that there were a number of communications between the complainant and respondent no. 2 (Himesh Reshammiya) through e-mails and through their respective advocates, wherein the respondent made available all documents, account statements and information in respect of expenses and revenue collections etc.”
The judge concluded that Vijay Taneja’s subsequent actions seemed unfair and unjust.