The Madras High Court today stayed the release of Tamil film "Idhu Namma Aalu" starring Simbu and Nayan Tharara.
Justice M V Muralidharan, passing interim orders on a petition by Sanjay Kumar Lalwani, financier of the film, in his order said that "I am of the view that unless M/s Chimbu Cine Arts, who are the producers of the film, settles the entire amount due to the financier, they have no right to release the film" directed by Pandiraj.
The producer had borrowed Rs 1.09 crore on August 14, 2015, promising to repay the amount together with 36 per cent interest before the release of the movie.
Lalwani moved the court submitting that he was "shocked and surprised" to know through newspaper advertisements that the producers are attempting to release movie throughout Tamil Nadu tomorrow through Thenandal Films without settling dues to him.
Stating that the act is violation of the finance agreement, the financier submitted that when he approached the producers, they gave "evasive replies."
He submitted that despite collecting "huge" advance from the distributors, the producers "miserably failed and neglected to repay the loan amount."
Lalwani also prayed for an order of attachment of the prints and negatives of the film.
"It is made clear that unless the Chimbu Cine Arts settles the entire amount along with interest to the producer, they have no right to release the film", the judge said.
