7 months ago
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The Madras High Court has restrained the merchandise of Karthi starrer Vaa Vaathiyar pursuant to a plea made by the Official Assignee of the High Court accusing the accumulation location Studio Green, helmed by K.E. Gnanavel Raja, of not having settled its dues afloat to businessman Arjunlal Sunderdas (since dead) who had been declared arsenic an insolvent and had near down respective liabilities.
A Division Bench of Justices S.M. Subramaniam and C. Kumarappan wrote, “There shall beryllium an bid of interim prohibition against the responsive not to merchandise the movie Vaa Vaathiyar till December 5, 2025” and directed the High Court Registry to database the contiguous execution petition on with different connected petitions for further proceeding of the substance connected December 8, 2025.
The High Court had passed a akin prohibition bid with respect to histrion Suriya starrer Kanguvaa excessively successful November 2024 and allowed the merchandise of that movie lone aft Mr. Gnanavelraja deposited ₹6.14 crore. The Official Assignee had taken retired filed different petition present to forestall the merchandise of Vaa Vaathiyar connected December 5, 2025 unless the shaper pays ₹21.78 crore.
The quality was related to a litigation that dates backmost to 2011 erstwhile Mr. Gnanavelraja had entered into an statement with the businessman Sunderdas for co-producing a movie by investing ₹40 crore each. As per the statement reached betwixt them, Sunderdas had invested ₹12.85 crore earlier backing disconnected from the task and deciding not to impact successful the accumulation anymore.
Subsequently, successful 2014, the High Court declared Sunderdas arsenic an insolvent and directed the Official Assignee to instrumentality banal of each his assets and liabilities truthful that hundreds of radical who had deposited wealth successful his existent property and concern companies could beryllium repaid their dues. Accordingly, the Official Assignee took complaint and began the process of assessing the fiscal details of the insolvent.
While conducting an appraisal arsenic directed by the court, the Official Assignee recovered that Mr. Gnanavelraja had to repay ₹10.35 crore to the insolvent, and therefore, filed an exertion earlier the High Court successful 2016 seeking a absorption to him to repay the magnitude with 18% involvement from 2013. The Division Bench allowed the exertion successful 2019 and directed the shaper to repay the full liability of ₹10.35 crore with interest.
Since then, the Official Assignee had been filing petitions aft petitions earlier the High Court, earlier each merchandise of the movie by the accumulation house, but hasn’t been capable to retrieve the dues successful full.
