Lyca accepted the loan of 21 crore 29 lakh rupees from Madurai Anbuch Chezhiyan Gopuram Films for the production of Vishal’s ‘Vishal Film Factory’ company and paid that loan. Along with this, an agreement was made that the rights of all the films of Vishal Film Company should be given to Lyca until the entire loan amount is repaid. But without repaying the loan, Vishal was ready to release the film Veerame Vaagai Choodum in which he acted. Because of this, Leica company approached the court seeking a ban on it. In addition, an order was issued to Vishal’s side to deposit 15 crores in the name of the Chief Publisher of the High Court as a permanent deposit in a bank within three weeks.
In addition, when the case came up for trial last time, the court had ordered actor Vishal to submit his property details. In this case, the case came up for hearing again today. At that time, it was told by Lyca company that Vishal’s side has not yet filed the property details. In response to this, Vishal’s side said that the two judges had filed a further appeal against the order of the single judge and requested that the hearing on this petition be postponed as the case will be heard next month. But the Laika side, which opposed this, argued that since the single judge did not prohibit the order, it should be ordered to file the affidavit. But Judge M. Sundar refused to accept this, saying that the two-judge bench will investigate after the hearing and ordered to postpone the hearing on this petition to October 14th.
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