SC orders Rajinikanth's wife to pay Rs 6 cr to distribution firm in case related to selling rights of Kochadaiiyaan
The Supreme Court has ordered Rajinikanth's wife, Latha Rajinikanth, to pay distribution firm AD Bureau Rs 6.2 crore along with interest amount within two weeks. According to an ANI tweet, the case is in connection with the superstar's 2014 movie Kochadaiiyaan.
Supreme Court asks Rajinikanth’s wife Latha Rajinikanth to pay Rs 6.20 crores and interest of the amount within twelve weeks to Ad bureau co. The case pertains to selling rights of the movie Kochadaiiyaan.
— ANI (@ANI) February 20, 2018
AD Bureau had lent Rs 10 crore to Media One, which had produced the period action film. Latha is the director of the company while one of the actor's daughters is the chairperson. Media One still owes Rs 6.2 crore to AD Bureau and Latha had been the guarantor of the loan, which is why she is named in the order, reports Times of India.
After Kochadaiiyaan had finished filming, the makers suffered a cash crunch for which they had to seek a loan from the distribution company. After the post-production work, the team of the film sold the Tamil Nadu distribution rights to Eros International without consulting AD Bureau, according to a report by India.com.
Published Date: Feb 20, 2018 15:35 PM | Updated Date: Feb 20, 2018 15:59 PM