Chennai: Vikram-starrer 'Thangalaan', which is scheduled for release on August 15, has faced legal and financial setbacks ahead of its worldwide premiere. On Monday, the Madras High Court flagged the release of the big-budget Tamil movie, directing the makers to deposit Rs 1 crore on or before Wednesday (August 14). Suriya's film 'Kanguva' too has faced a similar setback.
A division bench of the High Court comprising Justices G Jayachandran and C V Karthikeyan directed 'Studio Green’ production company run by K E Gnanavelraja to deposit Rs 1 crore each for the two films with the official assignee on or before Wednesday (August 14). The orders were passed on an execution petition filed by the High Court’s official assignee, who had been entrusted with the task of recovering the debts due to insolvent businessman Arjunlal Sunderdas (since dead). The official assignee had filed an application in the high court in 2016 stating that Sunderdas, accused of cheating people of several crores of rupees by allegedly luring them to invest in his finance and real estate companies, had decided to co-produce a movie in association with Studio Green in 2011 by investing Rs 40 crore.
Sunderdas had paid Rs 12.85 crore to the production house on different dates between September 2011 and October 2012, but decided to back off midway due to paucity of funds. The production house, however, expressed its inability to repay the entire amount to him saying it was spent on pre-production work.
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