Anil Ambani’s Reliance Media Works has filed a case against Soundarya Rajinikanth’s Ocher Studios (OS) to get back their of Rs 11.59 cr that invested for Rajini starrer animation film Sultan the Warrior.
According to the case, Reliance Media Works had signed a contract with OS, way back in January 2008 to jointly produce Sultan- The Warrior, an animated film featuring Superstar Rajinikanth, and was slated for release in April 2009. RMW after terminating its contract with Ocher in June 2009, failed to recover dues worth Rs 11.59 Crore and has now filed a suit against the company.
And when RMW came to know that OS is planning to release Sultan- The Warrior, in June 2010, they moved to Madras High Court on February 16 to restrain them from ‘releasing, exhibiting, marketing or distributing’ the film without settling their dues together with an interest of 12 percent per annum!
The case is now scheduled to come up for hearing on March 29. But Latha Rajinikanth, the Chairman of Ocher says that they are trying to settle the issue outside the court.