Latest news with #DhanabakkiamEnterprises
New Indian Express
22-04-2025
- Business
- New Indian Express
Madras HC lifts attachment order on Sivaji Ganesan's house
CHENNAI: The Madras High Court has lifted its order to attach parts of the late actor Sivaji Ganesan's bungalow in a loan default case involving his son Ramkumar Ganesan and grandson Dusshyanth Ramkumar. Justice Abdul Quddhose passed the order on Monday while allowing an application filed by Ramkumar's brother and actor Prabhu Ganesan, who claimed full ownership of the property. The court, on February 10, issued the order based on an execution petition filed by Dhanabakkiam Enterprises. The firm had lent Rs 3.74 crore in 2017 to Dusshyanth's company, Eshan Productions, to finance the movie 'Jagajala Killadi'. As the loan was not repaid, the firm approached the court and an arbitrator was appointed. On May 5, 2024, the arbitrator directed payment of Rs 9.02 crore, including interest. The order was not complied with, prompting Dhanabakkiam Enterprises to seek attachment of properties for recovery of Rs 9.39 crore. However, Prabhu approached the court stating that he is the sole owner of the bungalow and that Ramkumar has no share in the property. He submitted documents to support his claim. Following this, the court directed Ramkumar to file an affidavit, in which he confirmed he holds no stake in the bungalow. Going through the documents submitted, Justice Quddhose said, 'For the foregoing reasons, it is clear the applicant (actor Prabhu) is undoubtedly the absolute owner of the attached property and the respondents/judgment debtors do not have any right, title or interest in it.'
Time of India
21-04-2025
- Entertainment
- Time of India
Court order to attach Sivaji's house recalled
Chennai: Madras high court on Monday recalled its order attaching house of the late actor Sivaji Ganesan in a case relating to default on a loan by his son, Ram Kumar, and grandson, Dusshyanth. Justice Abdul Quddhose recalled the order while allowing a plea moved by actor Prabhu claiming that his brother doesn't have any stake in their father's T Nagar house, ' Annai Illam '. On March 3, the court passed the attachment order on a plea moved by Dhanabakkiam Enterprises to execute a decree in its favour. According to Dhanabakkiam Enterprises, a loan of 3.75 crore was issued to Eshan Productions, represented by Dusshyant and his wife for producing a film 'Jagajala Killadi'. As Dusshyant failed to repay the loan, arbitration proceedings were initiated . A decree was issued in favour of Dhanabakkiam Enterprises to exploit all rights in connection with the film. Since the film could not be completed, the arbitral decree could not be executed by Dhanabakkiam Enterprises, prompting it to move an execution petition to attach Sivaji's house, in which Dusshyant's father, Ram Kumar, holds a share. It wanted the court to execute the arbitral award dated May 4, 2024. During the course of the hearing, the court was informed that Ram Kumar does not hold any stake in the house, and it wholly belongs to Prabhu.
