I've heard all three versions and have to say that Anand-Milind'Sameer's was the clear winner. Yes, the song belongs to a composer-lyricist, not an actor. That dholak-tabla theka and sound is another level. Some interesting trivia I found by the composers:
You have been accused of picking up tunes from A R Rahman and Illayaraja.
Anand: Out of 1,600 songs that we composed there must be seven or eight that have been accused of plagiarism. We were forced by the producer and director. They just wanted to copy a particular tune that they liked. Today, I regret what we did. I should have put my foot down and refused.
https://tanqeed.com/we-were-forced-by-directors-to-plagiarise-songs-anand-milind/
An article from 1993:
Anand-Milind: Sons of music director Chitragupt, Anand-Milind did six films before hitting the jackpot with Qayamat se Qayamat Tak in 1988. They've had major hits with Dil, Beta, Bol Radha Bol and this year's Anaari. They have been accused of, and have admitted to, lifting Ilaiyaraja's tunes. Dhak Dhak was a carbon copy. "That was due to pressure," says Milind.
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