After a long wait, the organizer eventually had to call off the event stating that Bipasha was too busy shooting at Film City and therefore won't be able to make it to the venue.
Knowing Bipasha and her through professionalism we are sure she must be shooting for something really very important, as she had committed to come for the event and would not miss it for anything in the world.
Confirming the same her manager says, "It's really unfortunate that she couldn't make it to the event, as she is busy shooting at Film City and even if she leaves now, she will not be able to make it on time due to the heavy traffic. She regrets for not being able to attend this event."