Chennai: The release of Suriya and Bobby Deol starrer highly -anticipated ‘Kanguva’ had hit uncertainty after filmmaker K E Gnanavel landed in legal trouble for his uncleared debts.
The Madras High Court on Wednesday, modified its earlier order and allowed the release of ‘Kanguva’ on the scheduled date i.e November 14, after Gnanavel agreed before the court to partly clear his dues now and make one-time settlement in December.
Sharing the good news with fans on X, Suriya wrote, “Dear all #Kanguva is all yours from tomorrow…!”
Dear all #Kanguva is all yours from tomorrow…!#KanguvaFromTomorrow #KanguvaFromNov14 pic.twitter.com/LFYGDTeDiI
— Suriya Sivakumar (@Suriya_offl) November 13, 2024
A division bench headed by Justice G Jayachandran and Justice CV Karthikeyan recorded a proposal made by producer Gnanavel of making onetime settlement of Rs 3,75,00,000 by December in addition to the part payment of Rs. 6,41,96,969 already made him.
“Taking the proposal into consideration and the part payment made today, the counsels for the Judgment Debtor and the Decree Holder were requested to find possibilities of a One Time Settlement for full satisfaction of the debt. After some deliberations, the Judgment Debtor has come forward to pay further some of Rs 3,75,00,000 on or before 11th December 2024 towards full satisfaction of the decree. For the said purpose, he seeks modification of the order permitting him to release the movie tomorrow. The Judgment Debtor also undertakes to file an affidavit to this effect by 14th November 2024,” noted the court.
Earlier, the Madras High Court had restrained the release of ‘Kanguva’ and ordered producer Gnanavel to clear his dues of Rs 20 crore by November 13.
Observing that the petitioner had been waiting for the past 6 years, the court stated, “The Decree Holder having waited for nearly six years after obtaining decree is unable to pay the creditors to the insolvent who are waiting for nearly ten years after the insolvency petition was instituted. The leniency shown to the Judgement Debtor so far believing that he has bonafide intention to discharge the debt if not in full, substantially, appears to be a misplaced sympathy. Therefore, this Court has no other alternative except to pass the inevitable order of restraining the second respondent to release the movie by name “Kanguva” without discharging the decree.”
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