Vishal Lands In Legal Trouble After Rs 21 Crore Dispute With Lyca Intensifies

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month ago, Vishal was ordered by the Madras High Court to repay Rs 21.29 crore with 30 percent interest, following Lyca's petitions against him. Lyca Productions filed a petition in the court following the implementation of this order. With this, the court stated that all rights to Vishal's films should remain under the control of Lyca Productions until the money is repaid. Now the legal trouble has intensified after the court has dismissed Vishal's attempt to pull out of an agreement.

Vishal Vs Lyca Legal Battle: Production House Alleges Actor Continues To Work Without Settling Rs 21 Crore Dues

As per the case, Vishal borrowed Rs 21 crore and 29 lakh from Anbuchezhiyan of Gopuram Films through his company Vishal Film Factory. Later, Lyca Productions offered to pay this debt. The agreement stipulated that the rights to all films produced by Vishal would temporarily belong to Lyca until the loan amount was repaid fully.

However, Vishal defending the suit filed against him, stated that he has not taken a loan of Rs 21.29 crore either from Gopuram Films or Lyca Productions. He said, Marudhu was produced by Gopuram Films and hence, the question of taking a loan would not begin at all when he had only acted in the movie for remuneration.He also claimed to have had a financial dealing only for a sum of Rs 12 crore with Gopuram Films and said that he had signed the “one-sided” agreement with Lyca in 2019 without reading all of the clauses because he had reposed total trust upon the production company and 'did not expect any foul play.'Now the High court has said that Vishal is attempting to renege on his agreement.On the work front, Vishal is acting and directing Magudam.