Mumbai, 6th February 2025: In a significant legal development, Soumya Vilekar, former co-founder, COO, and CFO of Planet Marathi, has initiated proceedings against the company and its Founder and Director, Akshay Bardapurkar, under Section 138 of the Negotiable Instruments Act. The case pertains to the dishonoring of cheques issued approximately around 7 crores by Planet Marathi Seller Services Pvt Ltd – the flagship entity of the Planet Marathi brand, signaling financial mismanagement and malpractice within the organization. Along with this, Soumya is also seeking resolution for a smooth exit and separation from the company.
Soumya Vilekar, who played a pivotal role in the establishment and growth of Planet Marathi from its inception, had officially resigned from all the group companies in January 2024. However, unresolved financial transactions and non-compliance with share transfers, along with multiple litigations, have continued to affect her despite her departure. The legal proceedings initiated, including a criminal complaint, arbitration, and cheque dishonor, comes as a direct consequence of unfulfilled financial commitments, non-adherence to contracts, and alleged fraudulent practices surrounding such events, reflecting severe financial irregularities within the company.
Several other legal cases are ongoing against Planet Marathi and Akshay Bardapurkar, including claims from investors and vendors who allege deceit and financial misappropriation. Among them are significant claims by an investor Santosh Kher from Dubai, Entrepreneur and Producer Deepa Tracy (in connection with the film Tararani), and media professional Ayush Shah, collectively amounting to over ₹30 crores. Additionally, various individuals and entities have initiated insolvency proceedings through the National Company Law Tribunal (NCLT).
Commenting on the case, Soumya Vilekar stated, “I have had to resort to legal action after waiting for a whole year to protect my credibility and financial interests. My exit from the company was meant to be a clean break, but I have been continuously dragged into legal and financial complications due to unethical business practices. My only appeal to the judiciary is to ensure a smooth resolution and justice for all those affected.”
Soumya, who has faced significant personal distress, including the untimely loss of her husband, continues to battle financial and legal troubles inflicted by her association with Planet Marathi. Despite her repeated efforts to dissociate, the continued financial misconduct and litigations have hindered her ability to move forward professionally and personally.
The unfolding legal battle raises critical questions about corporate governance, financial integrity, and ethical leadership within the Marathi entertainment industry. As the case progresses, more revelations are expected to emerge regarding the financial dealings of Planet Marathi and its management.
For further updates on the ongoing legal proceedings, stay tuned.
