Advertisement
Google Ads BL

Court directs seizure of Sivaji Ganesan house

Legendary Actor house to be seized

On May 4, 2024, Justice Ravindran ordered Eesan Productions to transfer all rights to "Jagajaala Killadi" to the lender's managing director. This transfer was intended to facilitate the recovery of the outstanding debt, which had ballooned to Rs 9.2 crore, including interest. The order stipulated that after the loan amount was recovered through the sale of the film rights, any remaining proceeds would be returned to Eesan Productions.

Eesan Productions reportedly resisted the order to hand over the film rights, arguing that the film was not yet complete. The lender then petitioned the court to enforce the mediator's decision. This petition sought the seizure and public auction of a portion of Sivaji Ganesan's house, based on an agreement signed by Dusshyanth's father, Ramkumar.

The petition stated that the outstanding debt, including accrued interest, now amounted to approximately Rs 9.39 crore.Judge Abdul Quddhose, presiding over the case, granted the seizure order, citing Eesan Productions' failure to file a counter-petition despite having been granted time to do so. He also directed the relevant sub-registrar to be notified of the order. The case has been adjourned until March 5. The seizure highlights the legal ramifications of the financial difficulties faced by Eesan Productions and the lengths to which the lender is willing to go to recover the significant outstanding debt.

CJ Advs



Show comments


LATEST IN NEWS


LATEST TELUGU NEWS

POPULAR NEWS



LATEST IN GALLERIES

POPULAR GALLERIES

CJ Advs
Advertisement
CJ Advs