Supreme Court orders Latha Rajnikanth to repay INR 6.2 crore to a private company Ad-Bureau in relation to dues owed for the film ‘Kochadaiiyaan’

    0
    504

    As per reports, the Supreme Court today ordered Latha Rajnikanth’s firm, Mediaone Global Entertainment, to pay INR 6.2 crore to private company Ad-Bureau, which financed Kochadaiiyaan, within 12 weeks.

    The court also ordered Mediaone to pay back the interest for the Rs 10 crore loan it took from Ad-Bureau. Further, failure to repay the amount on time would hold Latha Rajnikanth, who is Mediaone’s director, liable to personally settle the amount, the court stated.

    Ad Bureau reportedly loaned Media One, which produced the film ‘ Kochadaiyaan ‘, Rs 10 crore in April 2014, when the Rs 150-crore film was facing a funds crunch for post-production work. Rajinikanth’s wife signed as a guarantor for the loan. Ad Bureau claimed that Media One still owed it Rs 6.2 crore.

    Kochadaiiyaan, which released in 2014, was a box-office debacle.

    Ad-Bureau moved the SC two years later alleging that Latha had not repaid Rs 6.2 crore to them.

    Kochadaiiyaan, directed by Rajnikanth’s daughter Soundarya Rajinikanth, used ‘photorealistic performance capture technology’ in the film.

    Image source: here