Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Alleged undisclosed related-party transactions
Short-seller Hindenburg Research described alleged undisclosed related-party transactions involving Eros and entities connected with the Lulla family. The reference also describes SEBI findings concerning related-party revenue, receivables, and loans, as well as regulatory steps involving associated entities. These matters are allegations and regulatory claims, not a criminal finding established in the supplied material.
2023
SEBI securities-market prohibition
SEBI barred Eros International Media and CEO Pradeep Kumar Dwivedi from the securities market until further notice for alleged breaches of trade-practice regulations. The reference also states that Eros Worldwide and Eros Digital were barred from dealing in securities.
2023
UK insolvency and creditor litigation
Bank of India filed a claim against the UK arm of Eros in the London Circuit Commercial Court, after which the UK business was put into insolvency. The episode occurred alongside reported pressure over the group's bond obligations and interruptions affecting ErosNow.
2022
Missed regulatory filings and NYSE delisting
The company did not file specified SEC reports within the stated deadlines, leading NYSE Regulation to suspend trading and delist the company's shares.
2020
Criticism over Navratri social-media content
ErosNow and Arre faced criticism over social-media posts connected with Navratri that some audiences considered vulgar. The material was deleted after the public response.
2019
Eros obtains default judgment against Manuel Asensio
Ruling
The New York Supreme Court granted Eros International's motion for default judgment against Manuel P. Asensio in a lawsuit in which Eros alleges that defendants disseminated false, misleading, and defamatory information about the company. The court ordered a later damages inquest after the claims against the other defendants and all appeals are resolved.
Source excerpt
Eros International Plc (NYSE: EROS) ("Eros" or "the Company"), a Global Indian Entertainment Company, today announced that on November 21 st, the Supreme Court of the State of New York granted Eros' motion for default judgment against Manuel P Asensio.
alleging the defendants disseminated material false, misleading, and defamatory information about the Company and are engaging in other misconduct that has harmed the Company.