There have been several incidence of show cancellation from olden days. From Guru Dutt's Kaagaz ke Phool to Raj Kapoor's Mera Naam Joker to Sanjeev Kumar's Love and God to Akki's Chandi Chowk to China to AB Jr's Dhrona to Dharmendra's Razia Sultan and Salman's Chandramukhi.
But the biggest disaster of all time has to Anil's Roop ki Rani, Choro ka Raaja (RKRCKR). The movie is biggest flop made in Bollywood history.
So why is the BV singled out? If we really want the right term it should be KKP of 2016 (if we are so keen on history) or RKRCKR of 2016(if you want to go by semantics).
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