Is Emraan Hashmi's production venture with Tony D'Souza shelved or delayed?

Is Emraan Hashmi's production venture with Tony D'Souza shelved or delayed? It was last year that Emraan Hashmi announced embarking on a new journey as a producer with his http://www.bollywoodbubble.com/gossips/is-emraan-hashmis-production-venture-with-tony-dsouza-shelved-or-delayed/