I think it is an excellent idea and would be a true tribute to Mr. Prithviraj Kapoor and his contribution to theatre and the Indian cinema.
You could also have these scripts available to schools and have them stage the plays as part of their annual functions. It would greatly inspire the new generation, to be enacting plays that were once performed by the legends of India.
Apparently the writer of this article has poor command over hindi...has not been able to spell taritor as Gaddaar (note the extra D), and apparently she didnt understand the couplet in the end either!!