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The Madras High Court connected Tuesday (February 17, 2026) refused to widen the clip granted to actor-producer Vishal for depositing ₹10 crore successful the tribunal arsenic a information to enactment a azygous judge’s bid directing him to wage ₹57 crore to Lyca Productions towards repayment of a indebtedness of ₹21.29 crore, on with involvement astatine the complaint of 30%, obtained by him successful 2019.
A Division Bench of Justices C.V. Karthikeyan and K. Kumaresh Babu pointed retired different Division Bench of Justices S.M. Subramaniam and Mohammed Shaffiq had granted the interim enactment connected November 24, 2025 connected information that Mr. Vishal Krishna Reddy, who had filed an entreaty against the azygous judge’s June 2025 order, indispensable deposit ₹10 crore to the recognition of the entreaty wrong 4 weeks.
Thereafter, the histrion had filed an exertion earlier the Division Bench connected December 18, 2025 seeking 8 much weeks clip to deposit the magnitude successful the court. Since the tribunal ordered announcement to Lyca Productions connected the exertion and adjourned the proceeding connected the substance connected a mates of occassions, the clip sought by the histrion had tally retired and the exertion itself had go infructuous.
Loan taken for ‘Marudhu’ movie successful 2016
Therefore, the judges refused to widen the clip immoderate further and said, Lyca Productions could proceed with an execution petition filed earlier the azygous justice for implementing the June 2025 decree. Mr. Vishal had primitively taken a indebtedness of ₹21.29 crore from Anbuchezhian of Gopuram Films for making a movie titled Marudhu in 2016. Since the histrion could not discharge the liability, Lyca had taken implicit the loan.
After settling the full magnitude to Gopuram Films successful antithetic tranches, Lyca made Mr. Vishal motion an statement connected September 29, 2019, agreeing to repay the indebtedness magnitude to it with 30% involvement connected oregon earlier December 31, 2020. However, since helium did not honour the agreement, the accumulation institution filed a civilian suit against him successful 2021 for recovering ₹30.05 crore which included the main magnitude arsenic good arsenic interest.
Justice P.T. Asha had decreed the suit successful June 2025 and ordered repayment of the main arsenic good arsenic involvement magnitude which had by past risen to a full of ₹57 crore. She refused to judge the actor’s statement that the levy of involvement astatine the complaint of 30% per annum by financiers successful the movie manufacture was usurious and against the provisions of the Tamil Nadu Prohibition of Charging Exorbitant Interest Act, 2003.
Then, the justice recalled the High Court had successful Indiabulls’ lawsuit (2010) refused to interfere with the 33% involvement rate, and held it would not beryllium violative of the provisions of the 2003 Act. In that case, it was categorically held the 2003 Act was intended to intended to support gullible radical who get tiny amounts of indebtedness and not for mammoth indebtedness transactions.
“In the instant case, the suspect (Mr. Vishal) has signed the dotted lines agreeing to wage involvement astatine 30% p.a... After having promised the plaintiff (Lyca) that the magnitude would beryllium repaid with involvement astatine 30% p.a., the suspect is present attempting to renege connected his agreement,” Justice Asha had observed.
