SC rejects Latha Rajinikanth’s petition, directs her to pay dues to Kochadaiiyaan financiers [READ ORDER]

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The Supreme Court on April 16, 2018 once again directed Latha Rajnikanth to pay INR 6.20 crores along with interest to the firm Ad Bureau Advertising Pvt. Ltd which had financed the film ‘Kochadaiiyaan’. Read order here.

The SC was hearing an impleadment application filed by M/s Mediaone Global Entertainment Ltd seeking impleadment. The Court asked the counsel appearing for Mediaone as to whether they were agreeable to pay the balance due amount i.e. INR 10 crore in terms of the order dated  Feb 20, 2018 to which the Counsel submitted that according to the applicant – M/s Mediaone Global Entertainment Ltd. the balance amount due is Rs.80,00,000/- (Rupees Eighty lakh) as amount of Rs.9.20 crore (Rupees Nine crore and Twenty lakh) has already been paid.

In view of the aforesaid statement the Supreme Court did not consider it necessary to implead the applicant – M/s Mediaone Global Entertainment Ltd. as a party to the proceedings as in view of the earlier order,  the liability will now be cast on the Latha Rajanikanth to pay the aforesaid amount of 10 crore (Rupees Ten crore) in terms of the undertaking furnished to the Court.

The application for impleadment was accordingly dismissed.

Ad Bureau had lent Rs 10 crore to Media One headed by Latha Rajinikanth for the post production of the animated Rajinikanth starrer Kochadaiiyaan. In a police complaint filed in November 2014, against Latha and Kochadaiiyaan producer J Murali Manohar, Ad Bureau Advertising Pvt Ltd accusing them of cheating after agreeing to provide them distribution rights for the movie in Tamil Nadu and also an investment of Rs 10 crore after a guarantee by Latha Rajinikanth.

In February, the Supreme Court had directed Latha Rajinikanth to pay the Rs 6.20 crore with interest within a twelve-week period. As director of Media One, she undertook to be guarantor for the loan.

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