SC asks Rajini wife to pay ` 6.30cr dues
The Supreme Court asked Latha Rajinikanth, wife of actor Rajinikanth, on Monday to pay the dues of ` 6.20 crore to Ad Bureau, which had given a loan of ` 10 crore for the production of the film Kochadaiyan. The film was directed by her daughter, Soundarya Rajnikanth.
The SC bench passed this order on an appeal filed by Ad Bureau against a Karnataka high court judgment quashing the criminal proceedings against Ms Latha Rajinikanth and her daughter.
The dispute dates back to 2014, when a financial dispute arose during the production of the film. Ms Latha had sold the postproduction work of the film. The petitioner was given exclusive distribution rights for Tamil Nadu, providing for 12 per cent pre- release guaranteed profit by Ms Latha.
On February 20, the bench had passed an order stating that within three months if the company, Mediaone Global Entertainment Limited, did not pay the due balance, the respondent- accused ( Latha Rajanikanth) had undertaken before the court to pay the amount due.
On Monday, the court asked senior counsel Ranjit Kumar, appearing for applicant Mediaone Global Entertainment Ltd, as to whether the applicant was agreeable to pay the balance due i. e. an amount of Rs10 crore in terms of the order of this court dated 20 February, 2018.
The court, while dismissing the company’s impleadment, granted time till July 3 for making the payment and directed the matter to be listed on July 3.
As Ms Latha failed to honour the payment, a complaint was filed in Ulsoor police station in Bengaluru for recovery of the amount due. Even as this case was pending before a magistrate, the Karnataka high court quashed the proceedings.
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.