01-09-2015, 03:22 PM
Madras High Court on Thursday stayed the release of multi-crore Tamil film I by Director Shankar and starring Vikram and Emy Jackson, slated for January 15, till January 30 on a petition alleging violation of agreements by the producers.
Justice R Mahadevan granted the interim injunction on a petition by city-based Picturehouse Media Limited alleging violation of financial and commercial agreements between it and producers Aascar Films (Private) Ltd.
The judge restrained Aascar Films Private Limited, its Directors V Ravichandran and D Ramesh Babu, besides Reliance Mediaworks Limited, from releasing the film till January 30 in any format and asked the litigating parties to settle the issues by arbitration in the meanwhile. He issued notices to the producers and directed them to file their response by then.
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 outside India, the Judge said in his order. The applicant had claimed violation of commercial and financial agreements between it and Aascar Films and wanted the matter to be settled by arbitration.