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Madras High Court Blocks Release of Karthi’s Vaa Vaathiyaar Over ₹21.78 Crore Debt

The order bars any release until the producer clears the entire amount.

Overview

  • The film’s December 12 rollout was postponed after a division bench issued a complete stay a day before release.
  • Court filings say a ₹10.35 crore loan taken by Studio Green from investor Arjunlal Sundardas swelled to ₹21.78 crore with interest after delays.
  • The bench rejected a proposal from producer K.E. Gnanavel Raja to pay ₹3.75 crore within 24 hours with property documents offered against the balance.
  • The official assignee handling Sundardas’s insolvent estate sought the interim injunction, citing repeated failures to honor extended deadlines.
  • A recent Chennai High Court halt on the Telugu film Akhanda 2 was later lifted after dues were settled, underscoring a pattern of release disruptions tied to financing disputes.