A case will be filled on a big budget film when it is nearing it’s release time has become a routine problem faced by the producers in recent times. It has even hit the Aascar’s “I” movie as it is nearing it’s release date January 14th. The Madras high court today stayed the release of the film, till January 30th as per the case filed by Picture house Media Limited claiming “non-performance of commercial and financial agreements between it and Aascar Films. It wanted the matter to be settled by arbitration.”
Justice R Mahadevan granted the interim injunction, restraining Aascar Films Private Limited, its directors V Ravichandran and D Ramesh Babu, besides Reliance Mediaworks Ltd, from releasing the film till January 30. “The producers, distributors, film laboratories and digital projection services are “hereby restrained by an order of interim injunction till January 30, 2015 from releasing the movie in theatres all over the country, and in any country outside India. In the meanwhile, applicant (Picture House) is directed to initiate arbitration proceedings,” the judge said.
Producer Aascar has called for an urgent meeting and all the problems will be sorted out by tonight or tomorrow before dawn. Movie will be releasing worldwide as scheduled on January 14th.