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It is based on Black Friday: The True Story of the Bombay Bomb Blasts, a book by Hussain Zaidi about the 1993 Bombay bombings. Black Friday is cited by several critics and film scholars as Kashyap's best work. Danny Boyle cited Black Friday as an inspiration for his 2008 Academy award-winning film Slumdog Millionaire. He stated that a chase in one of the opening scenes was based on a "12-minute police chase through the crowded Dharavi slum" in Black Friday. Black Friday premiered at the 2004 Locarno International Film Festival and was supposed to be released the same year in India. However, after a petition filed by a group accused of the 1993 bomb blasts challenging the film's release, the Bombay High Court issued a stay. Until judgement was delivered on the case, it could not be released. On 9 February 2007, after the verdict was announced, the Supreme Court of India allowed its release. The film received critical acclaim. It won the Grand Jury Prize at the Indian Film Festival of Los Angeles and was a nominee for the Golden Leopard award at the Locarno International Film Festival. Made on a production budget of ₹6.5 crore (US$810,000), it grossed a total of ₹8 crore (US$1.0 million) at the box office.