Karthi's Vaa Vaathiyaar Postponed Hours Before Release; Court Asks Producer To Repay Entire Debt

Vaa

Vaathiyaar, actor Karthi's latest film with director Nalan Kumarasamy which was set to hit screens on 12 December has been postponed following a stay order from the Madras High Court. The film will not release as planned due to production house Studio Green’s KE Gnanavel Raja's legal case. The court’s decision is based on an debt of Rs 10.35 crore, which, with interest, has reached Rs 21.78 crore. This sum was borrowed by the producer from businessman Arjunlal Sundardas, who was declared insolvent by the Madras High Court in 2014. A few days ago the official assignee managing Sundardas' assets sought recovery of the amount and requested an interim injunction against the film’s release.

Why Is Karthi's Vaa Vaathiyaar Postponed?

During the hearing before the assignee’s counsel the court said that despite repeated chances, Gnanavel Raja had failed to repay the said debt amount. The court reviewed the producer's repayment history with the repeated extensions already granted. Gnanavel Raja’s legal team offered to pay Rs 3.75 crore within 24 hours. They also offered property documents for the remaining amount. However, the division bench rejected this proposal, mentioning that the deadline extensions had not been honoured in the past.

The court said “Sufficient time and multiple opportunities have already been granted. The producer had misused the extensions and shown no serious intent to settle the dues. Creditors have been waiting for years to recover their money.” The delay in repayment resulted the court’s decision to temporarily halt the film’s release across all platforms.The official court order said, “Until the entire debt is fully repaid, Vaa Vaathiyaar shall not be released in theatres, OTT platforms, or any other medium.” This ruling has effectively cancelled the much-anticipated December 12 release.Prathyangira Cinemas, who are the film's Telugu and Tamil films in the US, took to X to confirm that the film has been postponed.

The post read "@StudioGreenn production has informed us that #VaaVaathiyaar (Tamil) and #AnnagaruVostaru (Telugu) have been postponed from their planned release on December 12 due to unforeseen circumstances.The new release date will be announced soon by the team.