The Supreme Court, on Tuesday, refused to quash the FIR filed against Latha Rajinikanth regarding the money borrowed for the movie Kochadaiyaan. The move comes after Ad Bureau, the lender, appealed in the Supreme Court to intervene.
Mediaone Global Entertainment Limited, in which Latha Rajinikanth is one of the Directors, had taken a loan of Rs 14.90 crores from Ad Bureau Advertising for completing the post-production work of the movie Kochadaiyaan. Out of the Rs 14.90 crores borrowed, Rs 6.20 crores remains to be repaid by Media One.
In the Supreme Court, Ad Bureau had argued that since Latha Rajinikanth is one of the Directors of Mediaone, she must assume responsibility and fully settle the remaining amount. While Latha Rajinikanth had denied this argument and continuously maintained that she is not related to Media One, the Supreme Court has now ordered that trial on the FIR to continue.
The Supreme Court, in February, had ordered Mediaone to repay the Rs 6.20 crores it owed Ad Bureau within 12 weeks. It had also warned Latha Rajinikanth that she would be personally liable for the repayment on failure to comply with this order and kept the Special Leave Petition filed by Ad Bureau pending for 12 weeks.
On July 3, the Apex Court had pulled up Latha Rajinikanth for defying its February order that directed her to repay the amount. It also adjourned the matter to July 10 for further hearing. It was hearing a plea filed by Ad Bureau against the order of Karnataka High Court order which quashed the proceedings against Latha Rajinikanth.
Kochadaiyaan, which was released in 2014 and directed by Soundarya Rajinikanth, bombed in the box-office. Starring Rajinikanth and Deepika Padukone in lead roles, the movie was made on a budget of Rs 1.25 crores using ‘photorealistic capture technology’.