The Madras High Court has ordered KE Gnanvel Raja, the founder of Studio Green Production house to pay the impending amount of 20 Crores on or before 13 November, 2024 to proceed with the release of ‘Kanguva’ movie, which is planned to hit the screen on Thursday, 14 November.
#Kanguva the most expected magnum opus, shows will open in Kerala, Karnataka, Andhra Pradesh & Telangana from 4 am onwards on 14th November.
— Studio Green (@StudioGreen2) November 2, 2024
We have applied with TN Government for early morning shows for 14th & will update once we get the approval for the same.… pic.twitter.com/pMNsDCOG1Z
The long standing case from 2012, KE Gnanvel Raja vs Arjunlal Sunderdas where the former was accused of swindling 12 crores from the bankrupt businessman and financial scammer Arjunlal Sunderdas. It all began in 2011 when the businessman was luring possible and potential investors to pitch in financial and real estate opportunities, who also invested in crores for KE Gnanvel Raja’s next production.
Arjunlal is said to have primarily pitched in 40 crores with the production house, but as his business became insolvent pulled out of investing in the movie. The businessman by then had invested 12 crores and demanded the amount from KE Gnanvel Raja and took him to the court.
The counsel of KE Gnanvel Raja reported that his client is bankrupt and cannot replay the amount that is invested in the movie. He also mentioned that for the said amount, Arjunlal was given the rights of three hindi movie remakes into Tamil. The applicant demanded 2 Crores after Arjunlal’s business went insolvent.
The case against KE Gnanvel Raja is ongoing from 2013 with the court ordering the respondent to pay the impending sum of 20 crores, including 18 percent interest. KE Gnanvel Raja has re – appealed further which was denied, even in 2019 he was ordered to settle the decreed amount to the assignee.
Restraining Kanguva Release
The bench headed by Justice G Jayachandran and Justice CV Karthikeyan revealed the restraint, ordering KE Gnanvel Raja to pay the impending amount before November 13. This was followed by the assignee, representing the late Arjunlal pushing another notice, reminding the panel that the respondee failed to pay 1 Crore as ordered by the court.
Renowned Director Rajamouli graced the Kanguva Pre – Release Event PhotosKE Gnanvel Raja the counsel of Studio Green filed an application, requesting to alter the order passed by the official bench, resulting in a hearing where the respondee paid the 1 crore, just few minutes before the hearing. This move by KE Gnanvel Raja was considered as manipulation in front of the court, as the respondee submitted 100 crores to Reliance Entertainment in another suit filed against him, as per DT NEXT.
The counsel represented for Studio Green put forth the argument implying the loss and suffrage this restraint would cause if the ‘Kanguva’ was not released on November 14 as it will affect not just the client but also the applicant as he (KE Gnanvel Raja) wouldn’t be able to repay.
#Kanguva is all set to storm in cinemas near you with special 9 AM shows for its release 🔥
— Studio Green (@StudioGreen2) November 12, 2024
Thank you Tamil Nadu Government
Book your tickets now
🎟️ https://t.co/LnBpBSfCrb#KanguvaFromNov14 🗡️@Suriya_offl @thedeol @directorsiva @DishPatani @ThisIsDSP #StudioGreen… pic.twitter.com/lxZBKStQiS
The Madras High Court has given the ultimatum to Studio Green, a sum of 1.60 crores to be deposited under the name of the Chief Registrar for the Fuel Technologies. Amidst all of this, Studio Green has shared the news of ‘Kanguva’ being granted a special show at 9 AM on 14th and 15th November.
