In a setback for Latha Rajinikanth, the Supreme Court directed that her company pay Rs 6.20 crore to Ad Bureau Advertising Pvt Ltd. The Supreme Court dismissed the petition filed by her company Media One which had submitted that of the pending Rs 10 crores, Rs 9.20 crores had been paid to Ad Bureau.
Ad Bureau had lent Rs 10 crore to Media One headed by Latha Rajinikanth for the post-production of the animated Rajinikanth starrer Kochadaiiyaan. In a police complaint filed on November 2014, against Latha and Kochadaiiyaan producer J Murali Manohar, Ad Bureau Advertising Pvt Ltd accusing them of cheating after agreeing to provide them distribution rights for the movie in Tamil Nadu and also an investment of Rs 10 crore after a guarantee by Latha Rajinikanth.
In February, the Supreme Court had directed Latha Rajinikanth to pay the Rs 6.20 crore with interest within a twelve week period. As director of Media One, she undertook to be a guarantor for the loan.
A bench comprising Justices Ranjan Gogoi and R Banumathi said that if the amount is not paid within the stipulated time, Latha Rajinikanth would have to pay it herself.
