Popular Tamil film actor Vishal has his own production house named Vishal Film Factory and he acted in his production and also produced various actor films. Vishal has taken a loan from popular cinema broker Anbuchezhiyan of Gopuram Films to produce films on behalf of his company. In this way, the loan of 21.29 lakhs. crore received was accepted and paid by Lyca Productions. In this situation, Lyca Productions filed a suit in the Madras High Court seeking an injunction against the release of Vishal’s film ‘Veerame Vaagai Soodum’ for defaulting on the loan taken by the actor and breaching the guarantee.
When the case came up for hearing earlier, the Madras High Court ordered Vishal to deposit Rs 15 crore as permanent deposit in the bank in the name of the Chief Registrar of the Supreme Court and submit the property details. Visal’s side had appealed against this order of the single judge in a two-judge bench. The appeal came up for hearing before the bench yesterday (April 5). In the latest verdict, the two-judge bench upheld and ruled on the order of the single judge that Vishal would have to pay Rs 15 crore to the court. The judge has also issued a ban on the release of films produced by Vishal Film Factory in cinemas and OTT until the actor pays the Rs 15 crore to the court.
When the case came up for hearing earlier, the Madras High Court ordered Vishal to deposit Rs 15 crore as permanent deposit in the bank in the name of the Chief Registrar of the Supreme Court and submit the property details. Visal’s side had appealed against this order of the single judge in a two-judge bench. The appeal came up for hearing before the bench yesterday (April 5). In the latest verdict, the two-judge bench upheld and ruled on the order of the single judge that Vishal would have to pay Rs 15 crore to the court. The judge has also issued a ban on the release of films produced by Vishal Film Factory in cinemas and OTT until the actor pays the Rs 15 crore to the court.
On the work front, Vishal was last seen on the big screen in ‘Laththi’ and next, he is part of the films Mark Antony and ‘Thupparivalan 2’.
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