A petition has been filed in the Madras High court by B Ananthakrishnan of Chennai seeking orders to halt the release of the Film Arrambam for Diwali until his dues are repaid.
A M Ratnam
In his petition B Anantha Krishnan has complained that his mother B Rajeshwari had loaned Rs 1.5 Crores to Producer AM Ratnam’s Sri Surya Movies in 2005 for making films Kedi and Nandalala. But AM Ratnam has neither repaid the principal amount nor the Interest till date.
The total amount he owes to B Rajeshwari as of date is Rs 4,60,50,000 inclusive of the interest. He complains AM Ratnam has been purposefully avoiding to pay back the loaned amount.
Hence he has asked the court to get him justice and not let the producer release his new film Arrambam for Diwali nor sell copyrights of the film before settling his dues. On hearing the petition, notice have been sent to the concerned parties.
While a source close to AM Ratnam’s informs us the current producers of Arrambam is A Raghuram of Sri Sathya Sai Movies and not AM Ratnam. And they are filing counterfeit to the notice this week.
But what could go against AM Ratnam is his interviews on regional TVs where he has announced Sri Sathya Sai Movies as his own banner that he had launched this year.