The Madras High Court on Thursday permitted the release of the film ‘Payanam' based on the undertaking of Prakash Raj, actor and producer of the film and Lalitha Kumari.
Justice V.Ramasubramanian passed the order on an application by Mahendra Kumar Jain of Park town here.
In his application filed through counsel A.Abdul Hameed, the applicant sought a direction to Mr.Prakash Raj, producer of the film, and Lalitha Kumari, cited as second defendant, to furnish security to the tune of Rs.79.99 lakh, the sum due to the applicant, within a period to be fixed by the court. Earlier, Mr.Justice Ramasubramanian had directed Mr.Prakash Raj to furnish security of Rs.50 lakh to Gemini Colour Laboratory before taking the prints of the movie. However, Ms. Lalitha Kumari was not present and was not represented by counsel. Mr.Jain sought an order of attachment of a property in Vadagampadi in Kancheepuram district, which belonged to her. The title deed already handed over to him should be the security for the suit claim and she should be bound by the affidavit undertaking. The applicant stated that the value of the property would be only about Rs.20 lakh.
Initially, the Judge did not accept that security since Mr.Prakash Raj and Ms. Lalitha Kumari were admittedly separated by a decree of dissolution of marriage.
On Thursday, Mr.Prakash Raj's counsel filed an undertaking that she was willing to offer the property as security.
The Judge said that pursuant to the order on Wednesday, Mr.Prakash Raj filed an affidavit of undertaking to furnish bank guarantee for the sum of shortfall, if there was any, at the time when the security offered by her was tested before the Assistant Registrar. Based upon her undertaking offering the property as security and also Mr.Prakash Raj's undertaking, the Judge said, he was permitting the defendants to release the film.