News has it that the said decision was taken during a closed-door meeting between Ekta, John Abraham, Sanjay Gupta, Ramesh Sippy and Tanuj Garg. Ramesh Sippy (Ekta's maternal uncle and also one of Balaji's Board of Directors) was instrumental in delaying the film's release. Reportedly, it was he who insisted that it would make no sense to release a big film like Shootout At Wadala a week after the Aamir Khan starrer Talaash.
The official announcement regarding the same will be made soon.