New Delhi, Apr 17: The Supreme Court on Tuesday rejected a plea filed by Rajinikanth’s wife Latha and directed her firm, Media One, to pay Rs 6.20 dues to Ad Bureau Advertising Pvt Ltd. The apex court has directed Mediaone Global Entertainment Ltd (Media One) to pay the dues within 12 weeks. The advertising agency had lent a total of Rs 10 crore to Media One, where Latha is a director, during the production of Rajinikanth-starrer Kochadaiiyaan.
A Supreme Court bench had then ordered that if the Mediaone Global Entertainment Ltd failed to pay the due amount to the advertising company, Latha would have to pay the amount herself. The bench adjourned the hearing directing Latha that she would have to pay the interest on the Rs 10 crore loan her company had taken from the Ad Bureau. Media One had then filed a petition against the SC’s order claiming that Rs 9.20 crores of the Rs 10 crore had been paid to the advertising company and only Rs 80 lakh had remained.
In the year 2016, Ad Bureau had filed a petition alleging that they were asked to help with the post-production work of 2014 film Kochadaiiyaan and had loaned an amount of Rs 10 crore to complete the film. However, Media One, of which Latha Rajinikanth is the Director, sold the Tamil Nadu distribution rights to Eros International without consulting Ad Bureau. On July 8, 2016, the Supreme Court issued a notice to Latha Rajinikanth on a plea by Ad Bureau Advertising Pvt Ltd over the selling of rights.
In August last year, Latha’s school was shut down allegedly over non-payment of rent with amount running into crores of rupees. The management of Ashram Matriculation School announced that the school has been shut down by the owners of the venue due to lack of funds.