The Madras High Court has directed Tamil filmmaker Gautham Vasudev Menon and his production entity to refund ₹4.25 crore, with 12% interest, to a film financier (RS Infotainment).
As per the latest update, the bench dismissed an appeal filed by the filmmaker and his firm, Photon Factory, against a 2022 single-judge ruling.
The Division Bench of Justices P Velmurugan and Govindarajan Thilakavadi dismissed an appeal that had ordered repayment with interest from May 11, 2010, till realisation.
The case was first taken into consideration out of a 2008 agreement for the production of a Tamil film, referred to as Production No.6.
The producers argued that the financier had defaulted on scheduled payments, which prevented the continuation of the project.
However, the High Court rejected the defence of the producers, saying, “The defendants have not produced any tangible and valuable evidence to prove that the film was ever commenced.”
