Madras High Court orders Studio Green to deposit INR 1 cr each for 'Thangalaan' and 'Kanguva', to recover debts owed by late businessman Arjunlal Sunderdas.
The Madras High Court directed Studio Green production company to deposit INR 1 crore each for the upcoming films 'Thangalaan' and 'Kanguva', following an execution petition filed by the High Court's Official Assignee to recover debts owed by late businessman Arjunlal Sunderdas, who allegedly defrauded investors of crores through his finance and real estate companies. The debt in question was an unpaid 2011 agreement for a co-production investment of INR 40 crore, leading to a court-ordered deposit balance of INR 10.35 crore with 18% interest.
August 12, 2024
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