If sources are to be believed, the movie, which was first screened at the 19th Kolkata International Film Festival last year, will be released in 2015 itself.
But when contacted, Deepti of Deepti Bhatnagar Production Pvt Ltd, the company that is presenting the film, said: "Of course it will release. When the right window of opportunity presents itself."
She is confident that the movie will strike the right chords with the audience.
"It's a lovely film that I know Rituparno's fans and other cinema fans alike will enjoy thoroughly. The performances are brilliant, the story is so fresh that you feel as if Rituparno is telling you the story himself. It's like he never went anywhere and but was caught up in completing the film for his audience," she added.
A satirical comedy, "Taak Jhaank" brings together the two veterans of Bollywood - Jaya Bachchan and Naseeruddin Shah for the very first time. It also stars Raima Sen, R. Madhavan and Konkona Sensharma.
The official trailer of the film, produced by Arindam Chaudhuri of Planman Motion Pictures, will release Dec 1.
Based on Ghosh's own short story "Chaitali Chashma", published in a Bengali magazine, "Taak Jhaank" is the story of a simpleton woman who comes into possession of a pair of magical antique spectacles that allow her to read others' thoughts.
Konkona plays Munni, a simple housewife as the central protagonist while Madhavan plays her husband and Jaya, her mother. Raima will be seen in a cameo.
The film had been completed by Ghosh while he was alive, but it didn't release before his untimely demise in May 2013 following a cardiac arrest.
The multiple award-winning filmmaker shot this film simultaneously in Bengali, with Bengali heartthrob Tota Roy Chowdhury essaying the role of the husband in that version.
After Ghosh's death, the 19th Kolkata International Film Festival in 2013 decided to honor him by screening the film. The film, like most of Ghosh's other works, was lauded by the critics as well as the audience.