Vishal Lolli with Leica
Earlier, hero Vishal took a loan of Rs. 21.29 crores from Lyca Productions. Until this money is repaid, Vishal has made an agreement to give the rights of all films from the film factory to Lyca. However, last year Vishal tried to release his film ‘Veerame Vaagai Soodum’ (‘Commoner’ in Telugu) in theaters without paying Lyca. With this, Lyca Productions has filed a petition in the Madras High Court to ban the release of the film ‘Veerame Vaagai Soodum’ and the sale of satellite and OTT rights.
The single judge bench that heard the case.. High Court ordered to open a fixed deposit account in a national bank in the name of the Registrar General and deposit Rs.15 crore in it. The two-judge bench that heard the appeal filed by Vishal against the High Court orders confirmed the orders of the single judge. As per the order of the single judge, the films produced by Vishal cannot be released in theaters and OTTs until the verdict in the case is delivered unless a fixed deposit of Rs.15 crore is made.
Ban on the release of ‘Mark Antony’
The case came up for hearing once again in the High Court today as Vishal starrer ‘Marc Antony’ is getting ready for release. Lyca Productions requested the High Court that Vishal has not made a fixed deposit of Rs.15 crore as per the order issued by the High Court. Moreover, she said that the movie ‘Marca Antony’ is being released on the 15th of this month without making a fixed deposit of Rs.15 crores. As a result, the High Court has issued orders banning the release of this film. The court ordered Vishal to appear in person on September 12. Also, if Vishal attends the hearing and makes a fixed deposit of Rs. 15 crore as per the court’s order, there will be chances of release of ‘Mark Antony’. Otherwise the release is doubtful.
