C.V.KARTHIKEYAN
Haja Mohideen, Proprietor M/s. Meta Audio, Chennai – Appellant
Versus
S. V. Thangaraj, Proprietor M/s. Uva Sree Creations, Chennai – Respondent
This civil suit has been filed to pass a judgment and decree, against the Defendant:-
(a) directing the Defendant to pay the Plaintiff a sum of Rs.49,98,500/- (Rupees forty nine lakhs ninety eight thousand and five hundred only) with interest at 24% p.a on Rs.30,50,000/- from the date of the plaint till the date of realisation.
(b) granting permanent injunction restraining the Defendant from releasing the picture ENGAL ASAAN, starring Vijayakanth and others, without settling the dues to the Plaintiff in a sum of Rs.49,98,500/-.
(c) directing the Defendant to pay the costs of the suit.
2. The plaint averments are that the Plaintiff is in the business of financing for production of cinematograph films and acquiring various copy rights in Tamil cinematograph films. During the course of the business, the Defendant, who is a Producer of the Tamil films, had approached the Plaintiff, requesting finance for his film titled MEESAI MADHAVAN. The Plaintiff had agreed to lend a sum of Rs.10 lakhs and this was done on 27.1.2004 partly in cash and partly by cheque. The Defendant had agreed to pay the interest at the rate of 24% p.a. and undertook that the entire amount will be repaid by J
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