A couple of days after it was reported that Latha Rajinikanth, one of the directors of Media One Global Entertainment Ltd. was asked by the Supreme Court to repay the Rs 6.2 crore loan to Ad-Bureau Advertising, a press release on behalf of her has issued a clarification to all media houses.
The release reads, “Whilst the publications record what transpired during the oral part of hearing, they do not mention the official order of the bench which, contrary to representations made in the said publications, vindicates Mrs Rajinikanth’s position.”
It goes on to add that what was recorded in the order dated 16.04.2018 cannot be implemented, as not only is there a denial of liability on part of M/s Mediaone Global but the statement made by her counsel was without instructions and the liability is not to the extent indicated.
It further reads, “The court is of the view that instead of entering into the issue of the extent of liabilities of the parties, it would be more appropriate to hear and decide the petition on merits.”
It has been reported that Media One had taken Rs 14.90 crore loan from Bengaluru-based Ad-Bureau Advertising to finish post-production work of 2014 Rajinikanth-Deepika Padukone starrer film "Kochadaiiyaan", directed by Rajinikanth's younger daughter Soundarya. The amount outstanding stands at Rs 6.2 crore.
On July 3, the Supreme Court pulled up Latha Rajinikanth for defying the apex court’s order that was passed in February this year. Posting the matter for July 10 for further hearing, bench of Justice Ranjan Gogoi and Justice R Banumathi said: "We had kept the matter pending (on February 20) because you had said that you will pay the amount."
On February 20, the bench while keeping the petition by the advertising agency pending for three months, had said that Mediaone would pay the amount in three months failing which Latha Rajinikanth would bear the burden of payment.