Sivakarthikeyan's 'Hero' runs into trouble, interim stay on release
The Madras High Court’s Arbitration Centre on Thursday ordered an interim stay against Sivakarthikeyan’s upcoming superhero film titled Hero. The film, produced by KJR Studios, was scheduled to release on December 20.
TSR Films Private Limited petitioned the Madras HC on a matter of loan that was then directed to the Arbitration Centre under HC orders. In its petition, TSR Films had stated that it had loaned Rs 10 crore to 24 AM Studios Pvt Ltd. represented by RD Raja, D Prabhu and D Jaya Devi as per the loan agreement dated September 11, 2018. The reason for giving the loan is not specified in the affidavit that TNM has accessed.
Cleatuss Fredrick Henry, who represents TSR Films, has claimed that 24 AM Studios made use of his funds to produce Sivakarthikeyan’s film and then transferred the completed project to KJR Studios, which will then carry forward its release.
The petition states, “If the movie is released without settlement of the loan to the applicant (TSR Films) it would cause severe prejudice to the applicant and the funds would disappear in thin air.” The petitioner has sought for an interim stay until the loan amount is returned along with the interest value based on the agreement.
Upon hearing the case, the judges panel passed an interim stay on the film’s release and scheduled the next hearing for December 2.
However, KJR Studios immediately responded to the news and issued a press release claiming that they are the sole producers of Hero. “We wish to caution general public that KJR Studios had no contact whatsoever with either 24 AM Productions or TSR Films Private Limited with regard to out movie Hero.” They have also warned severe action against TSR Films for involving their name in the issue.
The production house also said that the film will release as per schedule on December 20 on Twitter.
#HERO - TV, Radio, News - enga thirumbunaalum namma news thaan! Thanks for the free promotions Namakku fans ellaa pakkamum irukkanga pola!
— KJR Studios (@kjr_studios) November 14, 2019
To our fans - don't worry bha! Padam confirm December 20 varudhu! pic.twitter.com/ljFDJwcntJ
Directed by PS Mithran, Hero stars Sivakarthikeyan, Kalyani Priyadarshan, Ivana, and Abhay Deol in lead roles.