Salman Khan resolves Rs 7.24 crores Jerai fitness | Indian Movie News
Bollywood actor Salman Khan has resolved his Rs 7.24 crores dispute with Jerai Fitness Limited, main to the withdrawal of his insolvency appeal before the National Company Law Appellate Tribunal (NCLAT). The settlement pertains to a trademark license settlement under Khan’s fitness model, Being Strong.
On October 6, Khan’s legal counsel informed the NCLAT that the consent phrases had been executed. Subsequently, on October 8, the tribunal recorded the consent phrases and permitted the actor to withdraw his appeal. The bench, comprising Chairperson Justice Ashok Bhushan and Technical Member Arun Baroka, dismissed the appeal as withdrawn.
The dispute arose from a 2023 settlement between Khan and Jerai Fitness, which allowed the latter to manufacture, market, and promote gymnasium gear under Khan’s trademark. Under this settlement, Jerai was obligated to pay either a minimal guarantee of Rs 3 crores yearly or 3% of web gross sales, whichever was increased. Khan alleged that Jerai defaulted on invoices amounting to Rs 7.24 crores, including a one-time settlement cost of Rs 1.63 crores for the pre-March 2023 period and royalties for subsequent years.
Jerai Fitness contested these claims, arguing that Khan had failed to fulfil his obligations under the settlement. The company contended that Khan didn’t present well timed approvals for product designs and promotional supplies and didn’t attend the launch of its “Proton” collection at the Bombay Exhibition Centre in November 2023. Jerai maintained that the invoices relied on by Khan have been raised only after the company had issued a termination discover in September 2024, efficient April 2025, and therefore couldn’t kind the premise of an insolvency declare.
The NCLT Mumbai Bench had dismissed Khan’s insolvency plea in May, stating that while the Rs 1.63 crores settlement quantity for the earlier period was an undisputed legal responsibility, the bigger royalty declare was subject to a real pre-existing dispute relating to Khan’s efficiency under the settlement. The tribunal concluded that the petition fell within the “domain of recovery proceedings” reasonably than decision under the Insolvency and Bankruptcy Code (IBC).
Following this dismissal, Khan approached the NCLAT, difficult the choice. However, with the current settlement and withdrawal of the appeal, the matter has been resolved amicably between the events.
Khan was represented by Advocates Varun Kalra, Parag Khandhar, Tapan Radkar, and Shaham Ulla from DSK Legal, while Jerai Fitness was represented by Advocates Himanshu Satija, Prerna Wagh, Prangana Baraua, Pranav Saigal, Harshit Khanduja, Harsh Saxena, and Anshul Rao.
Also Read : Director J.Okay. Bihari on casting Salman Khan in Biwi Ho To Aisi, “I just judged him by his walk”
Salman Khan resolves Rs 7.24 crores Jerai fitness | Watch Online Free
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