The Madras High Court on Tuesday lifted its stay earlier imposed on the release of Vishal starrer Mark Antony, which is scheduled to be released on September 15..Justice PT Asha also directed Vishal, who was present in Court, to submit his bank statements, details of his assets and a plan of action detailing how he intends to repay entertainment company Lyca Productions, on September 19, the next date of hearing.“If I find anything wrong, I will not let him act,” Justice Asha cautioned Vishal and his counsel during the hearing..The Court was hearing a case filed against Vishal for allegedly failing to pay ₹15 crore out of the ₹21.29 crore he owes entertainment firm Lyca Productions.As per the suit, Vishal had taken a loan worth over ₹21 crore from one GN Anbu Chezhian. After he failed to repay the loan, Lyca Productions stepped in and paid Anbu Chezhian following an agreement that Vishal will repay Lyca the entire amount along with an annual interest of 30 per cent..However, when Vishal failed to repay Lyca, the company approached the High Court..On March 8 last year, the High Court had directed Vishal to deposit ₹15 crore. At the time, the Court had also restrained Vishal from releasing any films that he produced or financed, in theatres or on over-the-top (OTT) platforms.Lyca recently filed an application claiming that Vishal had neither deposited the money nor filed an affidavit detailing his assets, as ordered by the Court in March 2022.
The Madras High Court on Tuesday lifted its stay earlier imposed on the release of Vishal starrer Mark Antony, which is scheduled to be released on September 15..Justice PT Asha also directed Vishal, who was present in Court, to submit his bank statements, details of his assets and a plan of action detailing how he intends to repay entertainment company Lyca Productions, on September 19, the next date of hearing.“If I find anything wrong, I will not let him act,” Justice Asha cautioned Vishal and his counsel during the hearing..The Court was hearing a case filed against Vishal for allegedly failing to pay ₹15 crore out of the ₹21.29 crore he owes entertainment firm Lyca Productions.As per the suit, Vishal had taken a loan worth over ₹21 crore from one GN Anbu Chezhian. After he failed to repay the loan, Lyca Productions stepped in and paid Anbu Chezhian following an agreement that Vishal will repay Lyca the entire amount along with an annual interest of 30 per cent..However, when Vishal failed to repay Lyca, the company approached the High Court..On March 8 last year, the High Court had directed Vishal to deposit ₹15 crore. At the time, the Court had also restrained Vishal from releasing any films that he produced or financed, in theatres or on over-the-top (OTT) platforms.Lyca recently filed an application claiming that Vishal had neither deposited the money nor filed an affidavit detailing his assets, as ordered by the Court in March 2022.
