Madras High Court restrains release of Nandamuri Balakrishna-starrer Akhanda 2

The Hindu
The Hindu
3d ago • 5 views
The Madras High Court has blocked the release of Akhanda 2 due to a financial dispute between production firms. This decision is significant for the film industry and ongoing arbitration cases.
Madras High Court restrains release of Nandamuri Balakrishna-starrer Akhanda 2
A What happened
The Madras High Court has restrained the release of the film Akhanda 2, featuring Nandamuri Balakrishna, due to a financial dispute involving production companies. The court's decision came after Eros International Media Limited filed an appeal against a previous ruling that denied an interim injunction. Eros claims that 14 Reels Plus LLP, which is linked to 14 Reels Entertainment Private Limited, has failed to pay ₹27.70 crore as ordered by an arbitral award from 2019. The court found that the single judge's refusal to grant the injunction was incorrect, as Section 9 of the Arbitration and Conciliation Act allows for interim relief. The matter has been sent back for fresh consideration, highlighting the ongoing issues of compliance with arbitration awards in the film industry.
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Key insights

  • 1

    Financial Dispute: The case revolves around a ₹27.70 crore liability.

  • 2

    Interim Injunction: The court's ruling emphasizes the importance of arbitration compliance.

  • 3

    Production Company Links: 14 Reels Plus LLP is linked to 14 Reels Entertainment.

Takeaways

The Madras High Court's decision to halt Akhanda 2's release underscores the critical nature of resolving financial disputes in the film industry, particularly regarding compliance with arbitration awards.

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