4 months ago
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Popular movie accumulation location Studio Green Films has rushed to the Madras High Court to get its movie Vaa Vaathiyar, starring Karthi, released arsenic soon arsenic imaginable by modifying a prohibitory bid passed by the tribunal past month preventing the merchandise of the movie.
The modification exertion has been listed for proceeding earlier a Division Bench of Justices S.M. Subramaniam and C. Kumarappan connected Friday (January 9, 2026). The accumulation location has urged the tribunal to unbend the bid which requires it to wage ₹21.78 crore earlier releasing the movie.
Vaa Vaathiyar was primitively slated for merchandise connected December 12, 2025. However, it could not beryllium released since the Official Assignee of the High Court filed an execution petition seeking a absorption to K.E. Gnanavel Raja of the accumulation location to settee dues to the tune of ₹21.78 crore.
It was brought to the announcement of the tribunal that Mr. Gnanavel Raja had entered into an statement with businessman Arjunlal Sunderdas (since dead) successful 2011 for co-producing a movie by investing ₹40 crore each. As per the statement reached betwixt them, Sunderdas had invested ₹12.85 crore successful the movie.
However, aft parting with specified a immense amount, the businessman backed disconnected from the task and decided not to get progressive successful the accumulation anymore. Subsequently, helium was declared arsenic an insolvent and the Official Assignee was fixed the work of ascertaining his assets and liabilities.
The Official Assignee recovered that Mr. Gnanavel Raja 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.
Since then, the Official Assignee had been filing a bid of petitions successful the High Court earlier each merchandise of the movie produced by Mr. Gnanavel Raja and had been receiving portion payments. The past of specified petition was filed successful December past twelvemonth earlier the merchandise of Vaa Vaathiyar.
Aftter taking enactment that the liability of Mr. Gnanavel Raja had accrued to ₹21. 78 crore, including interest, implicit the years, the Division Bench had prohibited the merchandise of the movie until the decree magnitude was settled fully.
