All the problems started off with the schedule. The ceremony that was to be held in Florida was pushed with a delay in schedule as April 24th is the voting day for the people in Mumbai.But the travel agency has already made all the arrangements incurring heavy losses that account to nearly 4 million dollars.
Three years ago, Kolaprath signed a contract with Viraf Sarkari and Andre Timmins of Wizcraft, and helped out the company in organizing the finances and making all the
arrangements for the award ceremonies in US. This includes the travel and accommodation of all the Bollywood celebrities at plush places. Kolaprath claims to have spent nearly 2,65,000 dollars on just fulfilling the travel requirements and ceremony consultations. Wizcraft, however this time, made its own alternate arrangements without informing Akarsh due to which his company 7M suffered atrocious losses.
Akrash Kolaprath has now demanded the 3 percent revenue to be shared by Wizcraft out of the 17.5 million dollars it usually earns with the ceremony. He further filed another claim that includes all the revenues to be paid to him which are earned in excess of 17.5 number quoted.
The director of Wizcraft, Sabas Joseph has stated that all the accusations of Kolaprath were false and that will revert with the actual state of affairs shortly.