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CINESTAR GLOBAL

Repayment Program – Terms, Conditions and Settlement Agreement

Effective Immediately
1 Introduction

This Repayment Program Terms, Conditions and Settlement Agreement ("Agreement") governs participation in the Cinestar Global Investor Repayment Program. By creating or activating an account, completing Know Your Customer ("KYC") verification, accepting these Terms, and receiving any repayment through this platform, the participant ("Investor") acknowledges that they have read, understood, and voluntarily agreed to be legally bound by this Agreement.

2 Background

Cinestar Global was established to develop, finance and operate a digital entertainment ecosystem, including an Over-the-Top ("OTT") streaming platform focused on Indian cinema, regional language films, music content and related entertainment ventures.

In connection with the project, Cinestar Global entered into commercial arrangements with various independent production houses, film producers, distributors, music companies, technology vendors and other service providers for the purpose of developing and supporting the proposed platform.

Due to unforeseen commercial, operational and business circumstances, Cinestar Global has permanently ceased all business operations and has discontinued the development of the proposed OTT platform.

Following discussions among the Company's core management, the Company has voluntarily established this Repayment Program with the objective of returning each eligible Investor's original principal investment, subject to verification and the terms contained herein.

3 Purpose of this Program

This website exists solely for the administration of repayments. No new investments, memberships, deposits, financial contributions or fundraising activities are accepted through this website. The sole purpose of this platform is to administer verified repayments to eligible Investors.

4 Eligibility

Repayments shall only be available to Investors whose identity, account ownership and investment records have been successfully verified by the Company.

The Company reserves the right to request any documentation necessary for verification, including but not limited to:

  • Government-issued identification
  • Proof of address
  • Proof of investment
  • Banking information
  • Additional documentation deemed necessary by the Company

Failure to provide satisfactory documentation may result in suspension or rejection of the repayment application.

5 Calculation of Repayment

The Company shall calculate each Investor's remaining eligible repayment as follows:

Verified Original Investment
MINUS
All withdrawals, commissions, bonuses, incentives, rewards or other payments previously received from the Company
EQUALS
Remaining Eligible Principal Balance

Only the verified remaining principal balance shall be eligible for repayment. The Company reserves the right to correct any accounting errors discovered during verification.

6 Repayment Process

Repayments shall be processed only after completion of registration, successful KYC verification, verification of investment records, and approval by the Company's administration team.

Payments are intended to be processed on scheduled repayment dates published by the Company, subject to available funds and administrative verification. Completion of KYC does not guarantee immediate payment.

7 Full and Final Settlement

By voluntarily registering for this Repayment Program, completing KYC verification, accepting these Terms and accepting any repayment, the Investor acknowledges and agrees that:

  1. the repayment is accepted as part of a negotiated settlement process;
  2. the Investor agrees that all amounts received under this Repayment Program shall reduce the Company's obligations by the corresponding amount;
  3. upon receipt of the Investor's verified remaining principal investment in full, the Company's repayment obligations to that Investor shall be deemed fully satisfied and discharged.
8 Release

To the fullest extent permitted by applicable law, upon acceptance of this Agreement and participation in the Repayment Program, the Investor agrees not to commence or continue any civil proceedings seeking recovery of the same verified investment amount that is being repaid under this Program against: Cinestar Global, its directors, officers, employees, consultants, representatives, affiliates, successors, and assigns. This release is intended only to the extent permitted under applicable law and shall not exclude liability where exclusion is prohibited by law.

9 Independent Service Providers

The Investor expressly acknowledges that various production houses, film producers, distributors, technology vendors, marketing agencies and other commercial partners engaged by Cinestar Global acted solely as independent contractors or paid service providers. Such entities were not shareholders, partners or operators of Cinestar Global merely by providing professional services. Accordingly, no repayment obligation shall extend to those independent service providers solely by reason of their commercial engagement with the Company.

10 Non-Disparagement

While actively participating in the Repayment Program and receiving repayments, the Investor agrees not to knowingly publish or communicate false statements intended to damage the reputation of the Company or any Released Party. Nothing in this Agreement restricts an Investor from making truthful statements required by law or communicating with regulatory or law enforcement authorities. The Company reserves all legal rights available under applicable law in respect of knowingly false or defamatory statements.

11 Fraud

Any fraudulent documentation, identity theft, duplicate claims, forged records or intentional misrepresentation may result in:

  • immediate cancellation of the repayment application;
  • suspension of future payments;
  • recovery proceedings;
  • referral to the appropriate authorities where permitted by law.
12 No Admission of Liability

This Repayment Program is established voluntarily for the purpose of resolving outstanding investor claims. Nothing contained in this Agreement shall constitute an admission of liability, fault, negligence, wrongdoing or legal responsibility by the Company or any Released Party.

13 Limitation of Liability

Except where prohibited by applicable law, the Company's total liability under this Repayment Program shall not exceed the verified remaining principal investment determined under Clause 5. No consequential, indirect, exemplary or punitive damages shall be recoverable under this Agreement except where such limitation is unenforceable by law.

14 Governing Law

This Agreement shall be governed by the law specified by the Company in the Investor's acceptance process. Where legally permissible, disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the competent courts designated by the Company. Nothing in this clause limits any mandatory consumer protections or non-waivable statutory rights applicable under governing law.

15 Entire Agreement

This Agreement constitutes the entire agreement relating to the Repayment Program and supersedes all previous communications relating to the subject matter. If any provision is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

16 Acceptance

By clicking "I Agree", registering an account, completing KYC verification, or accepting any repayment under this Program, the Investor confirms that:

  • they have read this Agreement;
  • they understand its legal effect;
  • they voluntarily agree to its terms;
  • the information provided is true and accurate.
17 Legal Contact

For legal correspondence or inquiries relating to this Agreement, contact:

NIKHIL SHARMA – Advocate

Punjab & Haryana High Court, Chandigarh

Email: advnikhilsharma01@gmail.com

All formal legal communications should be made in writing. Submission of correspondence to the above legal representative does not constitute an admission of liability by Cinestar Global or any Released Party. The Company reserves all rights, remedies, claims and defenses available under applicable law.