15 October,2012 11:16 AM IST | | IANS
The movie has a new star cast, teamed with veteran actor Rishi Kapoor, who will play the villain, said a statement.
Other cast and credits are in the process of being finalised.
Two songs have already been recorded by Ismail Darbar and Salim-Suleiman for the movie.
Ghai's production banner Mukta Arts will celebrate its 34th anniversary Oct 24. The banner has produced 35 movies, 14 of which have been directed by Ghai.
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The 67-year-old's last directorial was 2008 release 'Yuvvraaj'.
'Karma', 'Ram Lakhan', 'Saudagar', 'Khal Nayak' and 'Taal' are some of the memorable films made under Mukta Arts.