Are Lootera, Singham Returns, And Other Bollywood Films In Leopardy? A MajOr Bank issues A Public Notice Against A Production Company.

To warn the public about dealing with Phantom films, a leading bank issued a public disclaimer about the makers of several films, including top films like Lootera, Singham Returns, and many more. The bank claims that certain securities were created in its favour in relation to these films, and Phantom Films has also hypothecated its intellectual property rights against a working capital loan facility obtained by them.
According to a reliable source, this notice applies to Eclatant Films rather than Phantom Films. According to the source, “This notice only applies to Eclatant Films Pvt Ltd. They have their own board of directors, which is unrelated to Phantom Films’ current owners, Madhu Mantena and Sheetal Talwar. Phantom’s operations are now self-sufficient, thanks to Mantena and Talwar’s efforts.”

Madhu Mantena previously told ETimes about resurrecting Phantom Films: “Sheetal and I felt an emotional need to buy back the Phantom brand, the Phantom films, and some of the assets that we love after exiting Phantom Films by selling our shares to Reliance Entertainment. In 2.0, we hope to see the Phantom brand evolve from a production company to a talent-first Studio that empowers both directors and producers equally.”
Ajay Devgn and Rohit Shetty are set to expand the cop universe almost a decade after the release of Singham Returns. It was recently announced that the director-actor team will reunite for the third instalment of the action-comedy Singham Again.

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