Uttama Villain producers to settle all dues before movie's release
Saturday, April 25, 2015 - 05:30
All dues taken for the Tamil movie, Uttama Villain starring Kamal Hassan will be settled before its release on May 1. A loan of Rs. 2 crore was provided to the producers of the film along with certain conditions. One of the conditions was that the copyright and distribution of the film be retained with M/s Thangam Cinemas if the amount due was not returned before the filmâ€™s release, reported The Hindu. Thangam cinemas had moved the High Court stating that the movieâ€™s producers N Lingusamy and N Subash Chandra Bose had obtained money from him along with a mutual agreement that the distribution rights for Chengalpattu would be given to them. However, according to reports, distribution rights were given to Eros International Media Limited.Â It was when a cheque issued by the producers of the film bounced that M/s Thangam Cinemas of Valasaravakkam submitted a suit directing the producers to pay up along with interest. The counsel representing M/s Thirrupathi Brothers Film Media Limited and its Managing Director, N Lingusamy then agreed to settle the loan before April 28. Â Â
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