Vishal has won a legal battle against the prestigious production house Lyca Productions.
The case of the plaintiff Lyca was that the defendant Vishal Krishna Reddy had availed a loan of Rs. 21.29 crore for one Anbu Chezhian of Gopuram Films for the production of the Tamil feature film ‘Marudu’, in 2016.
As Vishal could not repay the loan to Gopuram Films, he had approached Lyca for the takeover of the loan.
Accordingly, the loan agreement was entered between Lyca and Vishal in 2019, wherein he agreed to pay the former the principal of Rs 21.29 crore with an interest of 30 per cent per annum as per the terms of the agreement.
After going through the records and hearing the arguments of the parties, the judge found that the application was filed by Lyca by “cherry picking” certain sentences in the counter affidavit of Vishal.
Taking to the Twitter profile, Vishal wrote, “Always believed that Justice will Prevail & Truth will Triumph. The False Case against me & #Chakra Movie filed by LYCA has been dismissed by the Hon High Court of Madras today & hav ordered them to pay a penalty of Rs 5 lacs for foisting a false case & harassing me,” tweeted Vishal.
On the work front, Vishal will be next seen in ‘Enemy’ and ‘Thupparivaaian 2.’