As per the latest reports, The supreme Court has asked Latha Rajinikanth to pay up a loan of Rs 6.20 crore along with its interest in 12 weeks to a Ad Bureau who lent the money around the time of the release on Kochadaiiyaan. "Within the aforesaid period of three months if the company - Mediaone Global Entertainment Ltd - does not pay the balance dues, the respondent-accused (Latha Rajanikanth) has undertaken before the Court to pay the amount due", it said.More news: Oscars: Mary J. Blige, Andra Day and more to perform
The bench also observed that being the director of the firm, Latha was liable to pay the dues to the company. Now that Rajinikanth stepped into the political life, an old debt of his came up again with the court ordering his wife to pay 6.20 crores plus taxes to a private firm.More news: Banco Bradesco SA (BBD) has a market cap of $73.57 Billion
Latha Rajinikanth had signed as guarantor for a loan of approximately Rs 15 crore from AD Bureau for post-production expenses for the 2014 movie Kochadaiyaan, which featured her husband.More news: Diebold Nixdorf (DBD) Receives Daily News Impact Rating of 0.07
The company later lodged a complaint with the police claiming that Latha and producer Dr J Murali Manohar had cheated the firm to the tune of Rs 10 crore after entering an agreement with them to give the TN distribution rights of the movie. The case pertains to selling rights of the Tamil movie 'Kochadaiiyaan' directed by Rajinikanth's daughter Soundarya. The film starred Rajinikanth, Shobana, Deepika Padukone, The film talks of a king's revenge against the ruler of the kingdom for murdering his father.