Sridevi ordered to deposit Rs 3 crore to release Wanted
News
oi-Staff
By By: Settu Shankar
Sridevi
Kapoor,
proprietor
of
Sri
Devi
Productions,
her
husband
Boney
Kapoor
of
Narasimha
Enterprises
and
father-in-law
Surendra
Kapoor
of
SK
Films
Enterprises,
on
Friday,
gave
an
undertaking
that
they
would
deposit
Rs
3
crore
to
the
credit
of
a
suit
before
the
trial
court
on
or
before
September
16
this
year
for
the
release
of
their
Hindi
feature
film
Wanted.
Earlier,
on
August
27,
2009,
Justice
G
Rajasuriya
had
passed
interim
orders
on
an
application
arising
out
of
a
civil
suit
from
Sushil
Gupta
of
GG
Photo
Limited
and
others
to
jointly
and
severally
furnish
bank
guarantee
or
deposit
a
cash
amount
of
Rs
3.60
crore
and
furnish
immovable
property
security
for
another
Rs
5.40
crore
on
or
before
September
16,
failing
which
they
would
be
restrained
from
releasing
the
film.
In
their
appeal
to
a
division
bench
comprising
Justices
M
Chockalingam
and
R
Subbiah,
Sridevi
and
others
submitted
that
they
had
effected
substantial
payments
to
Sushil
Gupta
towards
repayment
of
a
loan.
The
entire
transaction
had
taken
place
in
Mumbai
and
no
part
of
the
cause
of
action
had
arisen
in
Chennai.
Hence,
the
single
judge
order
lacked
jurisdiction.
Further,
third
party
rights
were
also
involved
in
the
film
Wanted.
The
single
judge
order,
which
set
out
no
reason,
was
exfacie
erroneous.
Now
Sridevi
Kapoor
has
accepted
to
give
Rs.3
cr
to
release
the
film
immediately.
Directed
by
Prabhu
Deva,
the
film
has
Salman
Khan
-
Ayesha
Takia.