The Supreme Court on Tuesday asked Media One Global Entertainment Company, a company of which actor Rajnikanth wife Latha is a director, to pay Rs 6.20 crores to Ad Bureau, which had financed Rs 10 crores loan for the production of the film Kochadaiyan, directed by her daughter Soundarya.
A bench of Justices Ranjan Gogoi and R. Banumathi passed this order on an appeal filed by Ad Burau against a Karnataka high court judgment quashing the criminal proceedings against Latha and her daughter.
The dispute dates back to 2014 when a financial dispute arose during the production of the film. Latha had sold the post-production work of the film in which the petitioner was given exclusive distribution rights for Tamil Nadu, providing for 12 per cent pre-release guaranteed profit.
As Latha failed to honour the payment, a complaint was filed at the Ulsoor police station in Bengaluru for recovery of the due amount. Even as this case was pending before a magistrate, the Karnataka high court quashed the proceedings.
Counsel for Ad Bureau submitted that out of the total dues of Rs 14.90 crores, a sum of Rs 8.70 crores had been received and a balance of Rs 6.20 crore with interest was due from Latha.
The bench in its brief order said, “The SLP is kept pending for 12 weeks. If the company does not pay the balance dues to the appellant, the respondent accused Latha Rajnikanth has undertaken to pay the said amount.