The film is an epic crime saga set in the 1980s and 1990s and Gupta has entrusted Bhatt with the responsibility of writing the script for the film.
"Robinda and I have been buddies. We have stayed in touch and are family friends. Now after 20 years we are working together again, " Gupta said in a statement.
The association does not end with one film. They will be working together on another project called "Khote Sikkey".
"We had a fantastic time working on 'Aatish', " said Bhatt who has scripted for films like "Dil Hai Ki Manta Nahi" and "Raja Hindustani".