MUMBAI: Percept Picture Company and Super Cassettes Industries Ltd (T-Series) have amicably settled their differences.

T-Series will withdraw from being a co-producer after receiving the entire payment from Percept. On Thursday, T-Series threatened to take legal action against PPC if it released Nagesh Kukunoor's 8X10 Tasveer, due for release on 3 April.

T-Series claimed a cheque of Rs 66.7 million (cheque No. 897813) issued by PPC was dishonoured by the bank. Subsequently, PPC gave a fresh DD of the same amount (DD No. 194786) in lieu of the cheque.

While PPC CEO Navin Shah had insisted that the matter had been resolved on Thursday evening itself, T-Series confirmed only on Friday that it has received the fresh DD and that it has issued a letter of clarification to the laboratory and withdrawn its letter written to them earlier asking them to stop delivery of the prints of the film to Percept.

The music rights and home video rights of 8x10 Tasveer remain with T-Series.

8X10 Tasveer is a thriller which revolves around Jai (Akshay Kumar), who has a supernatural gift to see into the past by touching the 8X10 sized photographs of the dead people.