A source close to the project has told SpotboyE.com: "Rampal will produce the film under his home banner Chasing Ganesha Films which produced a film titled I See You ten years ago - but later digressed into events."
The story goes that Rampal was left high and dry when the film's producer (Mandar Dalvi) decided to withdraw support from the film in question, following the debacle of his last release Roy.
Daddy is being directed by Ashim Ahluwalia.
Anyway, all's well that ends well. The Om Shanti Om actor, after approaching several studios for help, has decided to lead from the front. Way to go, Rampal!