The release of the much-anticipated Kanguva starring Suriya and Bobby Deol has hit serious legal trouble. Chennai High Court has ordered a stay on Kanguva’s theatrical release:
Originally set to release on November 14, the film’s release now looks uncertain due to a financial dispute involving its producer, KE Gnanavel Raja.
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The trouble began when Reliance Entertainment filed a lawsuit against Raja in the Chennai High Court.
Reportedly, Raja had borrowed close to ₹100 crore from Reliance to fund projects like Teddy and Thangalaan.
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While he has repaid 45 crore, Reliance is now demanding an additional 55 crore to settle the debt.
In response, they have asked the court to put a hold on Kanguva’s theatrical release and Thangalaan’s OTT release until the full amount is paid.
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Justice Kumaresh Babu, handling the case, has taken statements from both parties and has scheduled the next hearing for November 7.
