Court stays on I's release
Posted: 01/09/2015 01:00 PM IST
The Madras High Court has issued a stay on the most anticipated film of the year 'I' release which is scheduled to hit the theatres for Pongal on January 15th. Picturehouse Media Limited has filed a suit in the court which claimed that producer of the film, Aascar Ravichandran has borrowed Rs 15 crore for the production of the film in February 2013 and signed an agreement that he would refund the amount before the release of the film.
As the petitioner did not receive any payment and 'I' is nearing for a release, he approached the court. An interim order was passed restraining the producers from the release of 'I' anywhere in the country and outside the country too, till January 30th . A total of Rs 17.5 crores needed to be paid by Aascar Films to Picturehouse Media. But according to the sources, Aascar Ravichandran is heard to be going ahead with film's release as per the mentioned date i,e. on January 15th.
We hear that negotiations are going on off the court and a settlement is expected at the end of the day.
- TVR
If you enjoyed this Post, Sign up for Newsletter
(And get your daily news straight to your inbox)
Other Articles
-
Rajinikanth's Petta Joins Sankranthi Race
Nov 14 | Superstar Rajinikanth is busy wrapping up back to back films. His long delayed film 2.0 is finally hitting the screens on November 29th. Shankar is... Read more
-
Suriya turns a Pilot
Jul 03 | Kollywood Superstar Suriya has a huge fan base across Tamil Nadu along with the Telugu speaking states. The actor has been completely occupied with back... Read more
-
Rajini’s Birthday gift for Fans
Jun 22 | Superstar Rajinikanth wrapped up the shoot of his next movie in the direction of Shankar which has been titled 2.0. Made on a massive budget... Read more
-
2.0 Grand Audio Launch in Dubai
Jun 19 | Super talented director Shankar has been working on his dream project 2.0 from over a year. Said to be the costliest Indian movie, 2.0 is... Read more
-
Vishwaroopam 2 Teaser all set for Release
Jun 13 | South Indian Superstar Kamal Haasan has been occupied with enough projects. He is even directing and producing films which is making him work round the... Read more
